Oil prices declined 1.7% after weak data on the US labor market was published. However, they can recover on the results of the Philadelphia Fed business activity index report, which stands as a leading indicator for business activity. The index in October was 5.7 points, beating analyst estimates of 1.0 points and the September value of -1.9. November futures prices for WTI oil closed at 91.96 dollars a barrel on NYMEX today. and Oil has been strongly rejected by the support level at 90.76. Then, the rejection also formed a bullish candle yesterday. So, I think Oil might go up today and try to reach the resistance level at 93.61 or higher. But this arrangement will fail if Oil can break yesterday's low


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