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Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Drive Higher

fxempire.com
 2021-06-18

Cover picture for the articleThe West Texas Intermediate Crude Oil market has rallied initially during the course of the week but gave back some of the gains late in the week but at the end of the day we are still very likely to continue to see bullish pressure given enough time. The $70 level should be supportive and most certainly the $67.50 level will be as it is the top of the overall ascending triangle, and the measured move suggests that we could go looking towards the $77.50 level. I think we get there given enough time, but a short-term pullback might be in the cards as the US dollar has been acting out.

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