At this point, the main question is whether oil traders are bullish enough to ignore the shocking inventory report.
Currently, oil is moving lower which is not surprising after such a report. However,
oil needs to settle at $45 level to have a chance to develop upside momentum.
Currently, oil is supported by vaccine optimism and hopes for a new round of U.S. economy
in the meantime wait the price to retest the support ear $45.33
than look for bull back buying opportunities
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