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Rebounding WTI Crude

Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. WTI Crude Oil futures have rebounded steadily into the week’s final session. In fact, we could have just completed a large-scale inverse head and shoulders going back to September 2022 in the chart above. Price action gapped higher and above what was rare major four-star resistance aligning with the breakdown point. Is the oil industry straying to stabilise ?

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