oil
Oil weekly technical analysis
Oil, as we mentioned last week, fell from the aforementioned resistance area, targeting the support area now. It is expected that an upward wave will form from the wall of the price channel from the support area at 74.20 levels, to target the resistance area at 78.79 levels.
And in the event that a four-hour candle closes above 79.61, we expect the rise to continue, targeting the second resistance area at 82.55 levels.
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