Crude Oil trading strategy for the level of $39.00

The trading with Crude Oil formed very important resistance. First the level of $39.00 is key technical resistance and second it is psychological level. expects to see levels of $39.00 where there are two scenarios. If the trading breaks above $39 we recommend going in long positions with target at $40.80 or otherwise it will follow several days’ corrections down to $36.50.

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