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WTI Crude Oil Price Forecast: Heading For Four Straight Months of Gains

From dailyfx.com

•Crude Oil Technical Strategy: Velocity Is Fading, Bullishness Is Not •July Expiration May Provide Volatility, Watching June Opening Range Breakout •Sentimental Trading System Shows Upside Signal Remains Strong WTI Crude Oil Price came within a whisper of the 2016 high on Tuesday after hitting $50.10 in mid-morning trading ahead of July Contract expiration. Regardless of recent force, the CL1 June contract has seen a May price range of ~14% (43.03-50.21) that may be slowing down but does not appear done. After being the laughing stock of markets, Oil Bulls are looking at the longest run of gains in five years as they ... (full story)

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