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XTIUSD Technical Analysis

On the daily chart below for XTIUSD, we can see that the price is now threatening a major breakout of the range. The market has been stuck in this range since December 2022. We got a breakdown in mid-March as the market feared an immediate recession due to the little banking crisis after the Silicon Valley Bank collapse. As the Fed backstopped the crisis with emergency lending tools and the fear faded, the price rebounded and came back into the range. Then we got a surprise OPEC+ production cut... Read More

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Xtiusd

Technical

Analysis

Forex

Posted: Apr 13 2023, 10:24

Author Name: forexlive

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