Oil resumes positive trading strongly

The price of oil (US/OIL) resumes positive trading once again as it surpasses our positive targets mentioned in yesterday's report at the level of 61.50 and continues to trade positively above it, supporting our expectation of the upward trend. Today's trading expectations for oil are as follows:

Today's trading expectations:

Stop loss: 61.70

Target 1: 63.00

Target 2: 63.50

Expected trading range: between support 61.70 and resistance 63.50

General expected direction for today: Upward

Do you expect the positive trading to continue or a downward correction to occur? Share your opinion in the comments!

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