Oil’s New Attempt to Break the Uptrend

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Oil's New Attempt to Break the Uptrend

Following Gold, the uptrend formed in early December is also breaking in oil. Intraday on Monday, the WTI price lost more than 6%, recovering about half of the decline on some return of risk appetite in the last couple of hours of the New York session. Nevertheless, as of Tuesday morning, sellers dominated the oil […]

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