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WTI Crude Oil Weekly Forecast: Perception Proves to be King in Energy Sector
WTI Crude Oil dropped below the 70.000 USD on Wednesday, and although it tried to fight higher afterwards, sustaining reversals proved difficult and the commodity finished the week near 68.520. Traders were treated to a full week of price velocity within WTI Crude Oil as behavioral sentiment shifts in global financial markets clearly started to express nervousness. While WTI Crude Oil began last Monday near the 73.750 ratio and worked above the 74.000 mark late into the day, by early Tuesday price velocity lower began to hit. Lows for Tuesday began challenging the 70.750 mark and an early low on Wednesday saw WTI ... (full story)