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Oil Trading Alert: Crude Oil vs. Resistance Zone
March 8, 2016, 9:00 AMOn Monday, crude oil gained 4.54% after rumors that OPEC producers are going to stabilize the price of the commodity at $50 per barrel. In this environment, light crude climbed to an intraday high of $38.11, reaching an important resistance zone. Will it withstand the buying pressure in the coming days?
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Oil Trading Alert: Crude Oil at Fresh Highs
March 7, 2016, 9:04 AMOn Friday, crude oil extended gains as the combination of a weaker greenback and another drop in U.S. oil rigs encouraged investors to buy. As a result, light crude climbed above important resistance line and closed the day above $36. What’s next?
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Oil Trading Alert: Crude Oil – Breakout or Fakeout?
March 3, 2016, 8:55 AMAlthough the U.S. Energy Information Administration showed a bigger-than-expected build in U.S. crude oil inventories, oil investors shrugged off bearish numbers, which pushed the commodity above the Jan high. Breakout or Fakeout?
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Oil Trading Alert: Crude Oil Re-tests Resistance Zone
March 2, 2016, 4:50 AMOn Tuesday, crude oil extended gains as falling U.S. and OPEC production continued to support the price. President Vladimir Putin’s comments gave the commodity support as well. Thanks to these circumstances, light crude re-tested the major resistance zone. Will it withstand the buying pressure in the coming days?
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