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wti crude oil

Crude oil prices closed on a soft note on Friday following a week of strong gains.

Subsequently, price action closed bullish on a weekly basis. This comes after two weeks o declines.

Still, prices are back at where they were, four weeks ago.

The consolidation near the 41.00 and the 37 regions indicateS a tight sideways range. This could lead to a potential breakout in the near term.

The bias remains mixed as to the upside, oil will need to challenge the previous highs at and around the 43.00 handle.

TradingOil

The post WTI Crude Oil Pulls Back from 41 appeared first on Orbex Forex Trading Blog.


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