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Oil Price Analysis: Is the Downtrend Over?
WTI
, 1W
WTI: Oil Price Analysis: Is the Downtrend Over?

Introduction: Oil prices have been on a downward trend since August 2022, after losing their upward channel. The trend has been characterized by a series of lower highs and lower lows, with prices currently trading in a wide range. Technical Analysis: A technical analysis of the oil market suggests that the downtrend may be coming to an end. The recent bounce...

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