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Crude oil prices are testing the 41.00 level once again.

At the time of writing, oil prices are trading above the 41.00 level. However, only a strong daily close above this level will confirm the upside.

Still, WTI crude oil will remain in the 42.00 and 41.00 range in the near term.

A breakout above the 42.00 handle will potentially see further gains coming.

In the near term, failure to close above the 41.00 handle could see oil prices risking a move lower.


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