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WTI analysis: Crude oil in spotlight – Technical Tuesday
Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this shortened edition of Technical Tuesday, we will analyse WTI crude oil. Before discussing what rising oil prices mean for inflation and interest rates, and therefore stocks and other risk assets, let’s have a quick look at the chart of WTI, for it has potentially created a bullish reversal pattern today. chart WTI was down early for the fourth consecutive session. But then as the selling pressure abated, it found fresh ... (full story)