Volumes are depleting as we approach Christmas and the new year, which can make for some choppy trading conditions like we saw on WTI yesterday. But it can also mean that strong moves can develop should a suitable catalyst arrive as prices are easier to move with fewer participants and liquidity. In today’s video we discuss two scenarios for bulls and bears which will likely be contingent upon Omicron headlines. But, however that plays out, the resistance zone around $70 is clearly one to watch over the near-term.
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