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Ross-J-Burland
May 3, 2023 4:29 PM

Oil is in the hands of the bears ahead of Fed Short

WTI CRUDE OILTVC

Description

the price of oil has dumped ahead of the Fed on banking woes, China's economy slowing in sectors, and on inventory data. But, its also a technical sell-off, and the price is the front side of the bearish trend longer-term. However, it is breaking up in NY as support comes in and we could see a correction play out as the following video concludes.
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