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Could WTI Oil be teasing a bullish reversal?

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Despite WTI Oil commencing the new trading week under pressure and slipping below $33 at $32.30, the commodity managed to regain its momentum and consolidate above $33 as trading concluded for the first day of the new week. At the current time of writing, WTI Oil is teasing a move towards $35 and we see this zone as a huge psychological level for the commodity. If WTI manages to close trading above $35, this opens the gates for further moves higher on the charts and this would be a welcome

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