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Crude Oil Markets Continue to Grind Higher

From fxempire.com

The West Texas Intermediate Crude Oil market has shown itself to be rather resilient, grinding yet again to the upside. With this being the case, the market is likely to continue to see buyers on dips, especially near the $80 level. The $80 level of course is a large, round, psychologically significant figure, and will attract a lot of attention. We have tested it multiple times during the course of the week, and it looks like we continue to find the $80 level is an area of value. {video} Brent markets also have rallied a bit during the trading session on Friday to reach towards the $85 level. The $85 level course is ... (full story)

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  • Category: Technical Analysis