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WTI oil remains at the front foot and trading near one-month high, posted on Wednesday, after release of crude inventories report. Much stronger than expected drop in US crude stocks, mainly caused by bad weather, added to existing bullish near-term structure and lifted the price above pivotal Fibo barrier at $75.04 (61.8% of $79.57/$67.70 descend). […]

The post WTI Oil: Bulls Hold Grip But May Take a Breather on Overbought Daily Studies appeared first on Action Forex.

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