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Crude oil price action – current chart observation (as of March 2026):
S2 level was retested back in December 2025, showing a clear reaction at that point.
Price later crossed above the orange trend line drawn on the chart.
The area near $90 (yellow horizontal) acted as confirmation of that move higher.
Current key visible resistance sits around $115 – next major horizontal level to watch on the chart.
#CruideOil #inflation #Commodities