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WTI Forecast: Crude Oil Rallies Yet Again

From dailyforex.com

The West Texas Intermediate Crude Oil market has shown itself to be positive again during the trading session on Thursday as we have broken above the $81.40 level. However, we have not broken above the top of the shooting star from the Monday session, and that is what we need to see in order to continue going higher for a bigger move. I do think that happens, but we have been consolidating for a while in order to digest the massive gains that we recently have had. That consolidation does suggest that we are trying to build up the necessary momentum to go higher, and it is probably worth noting that the market at ... (full story)

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  • Category: Technical Analysis