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Two key positive technical analysis elements have emerged at the US$67.55/66.35 major support zone. The current medium-term downtrend phase from September 2023 may have reached a terminal point for a potential bullish reversal. China’s rosy retail sales and industrial production for November managed to offset downbeat housing data that provided a short-term tailwind for oil […]

The post WTI Oil Technical: Momentum-Term Downside Momentum Has Eased appeared first on Action Forex.

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