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Crude oil: stage set for potential breakout?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The crude oil volatility has been extremely high of late, with prices taking double digit percentage swings almost on a daily basis. Apart from the exceptionally high uncertainty in the oil market, the other reason for this is of course that at these low prices, small nominal moves do tend to exaggerate the percentage changes. In any event, volatility is likely to remain high for the foreseeable future. It appears as though both Iran and Iraq support the idea of some OPEC and non-OPEC members

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