US EditionDaily Technical Breakdown: WTI Breaks Above $64 as Oil Rebounds in Volatile Week
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Daily Technical Breakdown: WTI Breaks Above $64 as Oil Rebounds in Volatile Week
Oil prices went up on Thursday to regain some of the losses it has incurred since “Liberation Day” when Trump announced reciprocal tariffs. West Texas Intermediate (WTI) broke above $64 again in yesterday’s trading session. Prices found support in the short term moving averages MA(5) and MA(10) on the hourly chart. Important support levels to monitor for next week are: $59.87 and $58.47 Dow Jones Industrial Average closed the week below 40,000 p…
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