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US Oil Tests Resistance

US Oil Tests Resistance
Oil prices find support from a large drawdown in US inventories. Sentiment remains cautious at best after WTI broke below September’s low of 76.60. The RSI’s repeatedly oversold condition attracted some bargain hunters. 81.70 from a previously faded rebound is the first key resistance. Then the area of confluence at 84.50, a support-turned-resistance which coincides […] The post US Oil Tests Resistance appeared first on Action Forex... Read More
Posted: Dec 1 2022, 08:15
Author Name: actionforex
Views: 102330

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