Weekly View
- Oil has bounced off historical low prices
- Price (in limbo) between U.S. break even entry levels
- Price ending the year near a psychological Low Volume Level
Daily View
- Recent trend has been long
- Price approaching psychological low volume level (watch for change)
- Prices is attempting to break above 1-year value area
- Prices is attempting to break above 1-year value area
30 Minute View
- Price has tested the psychological low volume level once after OPEC announcement
- Price is approaching this level again
- Trend has been Long
- Watch for change
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