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Crude Oil on the Verge of a Big Breakout

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Both crude oil contracts are up for the third consecutive day, with Brent currently trading above the psychologically-important and key resistance level of $50 and WTI above $47 a barrel. Oil prices have been supported by a number of factors lately, including the unwinding of bearish positions, a slightly weaker[​IMG]

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