Possible Long Position Caused By Rising IRAN/US/UK Tensions
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FUNDAMENTAL: Oil prices spiked last friday after Iran seized two oil tankers. Recent news (Sunday 21.07.2019 / 17:00 EST) reported that the US NAVY sent a nuclear submarine to the gulf.
BUT... Due to demand worries in 2019-2020 the oil price won't climb over the resistance 67.50!
TECHNICAL:
supportive triangle trend - LONG Support 61.30 - LONG resistance 67.50