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Jerome-Leon

WTI Global Trade Analysis

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
Jerome-Leon Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Trend Lines Multiple Time Frame Analysis crudeoilanalysis crude crudeoillong
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trendanalysis trendline mtfa crudeoilanalysis crude crudeoillong
snapshot
The crude oil market experienced a volatile last week, rising first and then showing signs of weakness. This market volatility has investors wondering whether prices are being overextended. This has been happening repeatedly in this market for months. However, in the current environment, it's not hard to believe that this could happen.
If the market is able to break above the $90 level, it could pave the way towards the $95 level. Conversely, if the price declines from current levels, the $87.50 level represents a key support area. Beneath this, the 50-day EMA near $85 provides major support. We expect continued volatility and volatility in this market.
Comment:
active trade
Comment:
active trade
Comment:
active trade
Comment:
active trade
Comment:
active trade
Comment:
active trade
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