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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.


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