Happy Friday oil traders! What a roller coaster ride we have had this week! Looking at the 1 hour chart, it looks like if oil can stay above the red resistance line, then I believe it will move back up to the green support line. This could be a day trade, but will probably extend into next week. If oil doesn’t close above the resistance line, it will probably descend to the next support level. Trade cautiously and have a great weekend!
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