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USOIL 16-11-2023

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USOIL 16-11-2023
In yesterday’s trading, oil prices tested the support level at $76 as expected. This sets the stage for a potential retest of the resistance level at $80. However, if the previously mentioned support level is broken, this scenario would no longer be valid.

Support

76 75.25 74.5
Resistance 78.5 79.25

80.33

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