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Trades to a new cycle high
Close risk is now at the high from last week at $72.96 for intraday traders.
Of note technically, is that the fall from last week’s high did extend below its 200 day moving average on Thursday and Friday, but rebounded into the close on Friday. The corrective low today reached $71.15.
Search Web: WTI crude oil futures are trading up $1.75 or 2.44%
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