OIL WTI in the wide support zone


OIL WTI is in short-term uptrend. In the long-term it is in large range 42-55. Now price is back to the wide support zone where we will be waiting for any signals predicting to go higher. In the history at the begining of august we can see battle of supply and demand when price stay in range for a few days. We could see in this area increased demand activity.

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