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Dec 6, 2020 6:40 AM

Crude - Break Out Confirmed on Weekly Chart Long

TVC:USOIL1W
WTI CRUDE OILTVC

Description

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Crude oil has Confirmed breakout of a long term resistance line on weekly chart. Key considerations:
  • OPEC back in action
  • OPEC+ member Mexico recently cashed in their biggest oils hedge
  • Consumption and demand back up
Trend AnalysisChart PatternsTechnical IndicatorsCrude Oil WTICrude Oilcrude
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