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WTI crude - Small bounce but still vulnerable

From marketpulse.com

Oil prices continue lower after Trump comments Oil prices are trading a little higher on Monday, paring Friday’s losses which came after Donald Trump claimed to have spoken with OPEC an demanded they bring prices down. It’s worth noting that this is not the first time Trump has talked about oil prices and pointed the finger of blame at OPEC. He’s also repeatedly tried to influence OPEC’s decision making when it comes to output but there’s been no evidence that it’s been in any way successful. So why are markets paying so much attention now? They’re not really. Oil prices were looking very overextended to the upside ... (full story)

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  • Category: Technical Analysis