It doesn’t really take a genius to spot a potential resistance in crude oil prices around 75 $, but are we sure that it will hold ?
We’re not sure the resistance level will hold, but we’d better hope so:
That 75-76 $ level will probably lead many traders to buy oil at higher prices (we now stand around 82-83 $).
But with the comeback of volatility on stock markets we are not really sure that this resistance will hold.
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