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Crude Oil Price Forecast - crude oil continues to press resistance
The WTI Crude Oil market has shown a proclivity to go higher during the trading session on Friday, as we press the vital $55 level. That’s an area that of course attract a lot of attention but we are also in the process of building an inverse head and shoulders, which could measure for a move to the $66 area. This isn’t going to happen overnight, but it certainly looks as if oil has found its bottom and I think if we can get above the $55 level, I think we will see a significant bullish run. If we pull back to the 20 day EMA, we may find buyers there as well, pictured in green on the chart. video Brent markets ... (full story)