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Samo_Danilo
Jul 14, 2023 9:38 AM

Crude oil to reverse from 200-day MAs?  Short

West Texas OilOANDA

Description

Crude oil has also previosly reversed from 200-day moving averages on the daily graph, making a reversal. This moving average has acted as a strong resistance. I expect it to do the same now, at least until $74. Then we can target $72 with more risk.
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