US oil Dropped short term but the bearish move was halted by the 76.88 – 76.23 support zone. Now it has recovered somewhat but downward pressure remains high. Basically, the crude could be trying to rally as crude inventories came in at -3.7m below the -2.6m expected.

Technically, the WTI failed to stay below the downline of the channel. Now it’s retested the 76.88…



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