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WTI Crude: Low of 5255 Unlikely To Be Seen Again

Published 12/12/2016, 02:21 AM
Updated 07/09/2023, 06:31 AM
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WTI Crude Weekly Chart

WTI crude through 5190/5230 to confirm a bullish breakout and a big buy signal longer term. All the first targets of 5315/10, 5350, 5385/90, 5410/15 have been hit. Now we look for 5485/90, 5510/15, 5575/80, 5606/10 and 5640/50.

Today's low is 5255 and unlikely to be seen again. However, if we get anywhere near it, use this as a longer term buying opportunity with stops below 5200.

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