Technical Analysis of WTI Crude Oil

That West Texas Intermediate Crude Oil Market recovered somewhat during Tuesday’s trading session after forming a massive hammer on Monday. Keep in mind that there were rumors that OPEC would increase oil production by 500,000 barrels, but Saudi Arabia dashed those hopes. Against this background, oil prices started to recover.

Ultimately, this is a market that will continue to be noisy based on the fact that we’re asking…

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