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Oil Strong Resistance Above

Oil has made a move in the 78.6-88.6 zone and we could see a drop soon.

69.09-69.59 is the zone where sellers might be waiting. We can see that a trend line is protecting sellers from further losses as the price might turn bearish. A rejection off the zone should be targeting D L3 68.60 and further levels down 67.84 and 66.48. Look for selling into rallies.

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