Oil Price Moved into a Positive Zone above $105 Resistance

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Oil Price Moved into a Positive Zone above $105 Resistance

Crude oil price started a fresh increase above the $100.00 resistance against the US Dollar. The price even accelerated higher above the $105 resistance to move into a positive zone. It traded as high as $114.52 before correcting lower. The price is now consolidating near the $108.00 level and the 50 hourly simple moving average. […]

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