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WTI Oil Technical: Time for a potential short-term pullback

WTI Oil Technical: Time for a potential short-term pullback
Recent bullish breakout from “Descending Wedge” has led to a 10% rally to reach a medium-term resistance zone of US$83.80/84.90. Technical elements are now advocating a potential corrective pull-back with supports coming in at US$79.80 and US$77.20. Today’s surprise three interest rate cuts by China’s central bank, PBoC has triggered a risk-off behaviour in cross-assets […]... Read More
Posted: Aug 15 2023, 12:11
Author Name: marketpulse
Views: 102660

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