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#oilrebounds3% Oilrebounds 3% today should this will be Drop again ?
🛢️ Oils 3 percent rebound might be a trap.
There was a short-term bounce because of US inventories and oversold conditions.. The overall trend is still looking bearish. With value that geopolitical situation added to prices is going down.
Here are key levels to watch:
📉 WTI resistance is, between $76.20 and $78.00.
📉 Brent is still bearish if it stays below $87. It might go down to $73-$76.
Traders need to be careful. Technical indicators show that the downward momentum is not fully gone. Oil prices are still something to keep an eye on. can we short now ?
#bz #CLUSDT #OilMarket $XBRUSD $XTIUSD