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Oil 08/05/18 | EconAlerts

Technical Analysis – WTI crude oil futures retreat

WTI crude oil futures retreat following the pullback on 3½-year high of 70.80. West Texas Intermediate (WTI) crude has advanced considerably and recorded a fresh three-and-a-half-year high of 70.80. The price retreated after the bounce off the mentioned level and the short-term technical indicators are endorsing the scenario for a potential bearish

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