Price is near the neckline of the inverse HS. With the recent news that OPEC and non-OPEC has an agreement to cut production, price might break the neckline this time. Let's see on Mon.
Daily support/resistance on 12th Dec: 51.41, 51.26
Weekly support/resistance from 12th Dec- 16th Dec: 51.33, 51.02
Monthly support/resistance for Dec: 48. 46.05 (CLF7: 48.13, 46.43)
2016 Yearly support/resistance: 40.90, 48.56
Daily support/resistance on 12th Dec: 51.41, 51.26
Weekly support/resistance from 12th Dec- 16th Dec: 51.33, 51.02
Monthly support/resistance for Dec: 48. 46.05 (CLF7: 48.13, 46.43)
2016 Yearly support/resistance: 40.90, 48.56
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