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US Oil Looks to Bottom Out

US Oil Looks to Bottom Out
WTI crude edges higher over smaller-than-expected US inventories. A bounce off the daily demand zone around 73.00 indicates that sentiment has stabilised for now. A bullish RSI divergence showed a slowdown in the bearish drive, then clearing the immediate resistance of 77.50 further eased the downward pressure in the short-term and may help the bulls […] The post US Oil Looks to Bottom Out appeared first on Action Forex... Read More
Posted: Feb 9 2023, 08:23
Author Name: actionforex
Views: 110238

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