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WTI futures close higher four of the last six sessions. Bob Iaccino examines.
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The price of Brent oil broke the key resistance level of 84.00 and started an uptrend. The asset’s price rebounded to the crossing point of these trendlines and formed a long black candle at the end of the trading week to make up for the prior pullback. The price of oil is likely to drop at the beginning of next week. So, let’s observe whether this scenario ...