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WTI crude oil headed for largest drop since February, what's next

Discussion in 'Technical Analysis' started by ForexLive, Jul 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    WTI crude oil down 5% Oil is in absolute freefall today, down 5% and on track for the worst daily decline since the rout in February. Technically, oil looks like it's trying to form a top in the $46-$50 range. The chatter around oil has certainly ebbed.

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