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WTI appears to be having problems in terms of both price action (failure to stay above red line and possibly upper blue) on the lower portion of this chart, and relative strength (break above RSI resistance) on the upper portion of this weekly chart.
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Not Investment Advice | Important Disclaimer:
The author/publisher has no position in crude oil at the time this article was written. This position may change depending on future price action.
Base Chart Provided Courtesy of StockCharts.com. Analysis and Annotation by JunkBond Recycling.com (all rights reserved)