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Eyes on $83.53 as WTI crude threatens to hit the highest since November

A Friday afternoon is no time for a breakout but oil is going to be in focus next week, especially if the US dollar continues to retreat. The big level to watch is $83.53.If that breaks, we're at the highest since November.On the CPI front, year-over-year gasoline prices are now ticking higher in several US states, according to GasBuddy. If the Chinese and Indian economies get cooking, there's a good case for commodity inflation and that will make the Fed's job much tougher. Thi... Read More

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Content Topics

Eyes

83

53 Crude

Threatens

Highest

Since

November

83 53

Forex

Posted: Aug 4 2023, 17:07

Author Name: forexlive

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