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WTI Crude Oil and Natural Gas Forecast

From dailyforex.com

The WTI Crude Oil market had a very bullish move during the trading session on Monday, reaching towards the $64.55 level towards the end of the day. At this point, the $65 level is well within grasp, but I think this is an area that you need to be careful with. It’s an area that previously had been massive support, and now is probably going to be massive resistance. This doesn’t mean that the market is going to suddenly collapse, rather that we are about to run into a significant amount of resistance that is going to be difficult to break through right away. However, I think what we are likely to see is more of a ... (full story)

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  • Category: Technical Analysis