Participant

After more than two weeks of sideways movement, the price of oil has increased significantly. The price is now trading at 52,90 but the maximum of the day was at 53,70.
We have a support at 52,56 and lower at 50,51. The sideways movement can be considered as a triangle, the price has broken this pattern and now is expected to grow even higher. na important resistance can be found at 58,58.

OIL

 
Participant

There’s been a lot of false starts in oil price lately, lets see if this one is the real deal.US futures broke the $50 barrier today. i think i will wait until in reaches the next level.

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