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Light Crude Oil Futures

CL! | Crude Oil | Informative

By shkspr
Updated
CL1!

It has formed an Inverse Head and Shoulders pattern on the 4-hour chart. If it breaks above the bullish line around $79, we can expect a rise to $90 very soon. This expectation is supported by the PPI and CPI data, along with China reopening next week, which will likely push oil prices higher.
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Chart Patternscl!cl_fCrude OilTechnical IndicatorsTrend Analysis
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