WTI Oil: Bulls Face Strong Headwinds from Falling Daily Cloud

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WTI Oil: Bulls Face Strong Headwinds from Falling Daily Cloud

WTI oil price eases in early Monday, following strong acceleration on Friday and last week's 15% advance (the biggest weekly rally since the last week of February). Traders start to collect profits as daily studies are overbought and Friday's rally penetrated falling thick daily cloud, which provides strong resistance. The oil was strongly boosted by […]

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Source: WTI Oil: Bulls Face Strong Headwinds from Falling Daily Cloud