SIDEWAYS TO DOWN before NY Lunchtime
First target $112. We're still in a strong uptrend. The WTI contract is testing long-standing range resistance in the 107.68-114.83 zone. Securing a break above this barrier may set the stage for a test above the 1120/BBL figure. Neutralizing upward pressure in earnest probably demands retreat back below 95.34, a move breaking the near-term uptrend from early December 2021.
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