Oil receded further from resistance, now set at Monday’s 90.33 high. But even though prices dipped to a 87.57 low, bias will stay neutral. There market is still contained by resistance around 89.20-89.30, if breached it will move to the next target at the new high of 90.33; meanwhile a support is seen at 88.50 which if breached could open a path to the next downside target of 87.60.
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