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USOIL 29-11-2023

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USOIL 29-11-2023

The price is currently trading within a tight range between two minor  levels of support and resistance at 73.75-76.8. If the prices break above 78.5-80, it will be the first sign of a short-term bullish trend reversal. However, if the prices break below the important support zone at 72.5, we will resume the bearish trend. It is unlikely that the resistance zone mentioned earlier will be easily breached.


73.75 72.5 68.5
Resistance 76.8 78.5


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