The oil price bounced from its support level, the low band of the uptrend channel started in August.
Today QM (oil mini) needs to move above 88 level to keep the upside momentum going.
A break above 89.375 will be bullish and the uptrend could resume until the price hits 92 or higher to 95.
If QM fails to move above 1288 today, the price could move back down to the 86.50-86.20 level again for testing.
A move under 85.80 will be bearish and the 82-80 level would then become next downside target.
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QM (oil mini futurues) -Daily chart
