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FUNTRADER-Vera
Jan 25, 2019 3:53 AM

2501 WTI will Venezuela crisis push price of oil up to 60? Long

Crude Oil (WTI)FXCM

Description

Venezuela crisis is now getting worse, I guess, after
Maduro cuts ties with US after it recognises opposition leader.
WTI has made itself up again alone with the support line extended from the bottom.
This could be a strong sign of a trend up to reach two red lines on the top on the condition that price of WTI break through the blue resistance zone.

Less is more!
Comments
ridethepig
Equities grinding higher will keep the pull up factors in oil alive. You are right to mention 60, anything higher seems unlikely.
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