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Crude Oil Technical Analysis: WTI Bearish Potential Sub-60
Crude oil prices remain range-bound on a short-term basis, and there’s been little excitement over the past couple of days. There is, however, a possible strain of deduction that may be opening the door for a more decisive move. But first, the range that was looked at on Tuesday is shown below with updated price action since that last article was published. chart BOUND TO BREAK ONE WAY OR THE OTHER: Crude oil prices were in aggressive trends coming into late March, at which point price action built into the range. And yesterday saw a resistance inflection come in off of the psychological 60-handle, a big level on ... (full story)