The WTI Oil has found an important support area somewhere around the $38 level and now is growing again, the price has broke the resistance from the $44 / barrel. If the price will stay above this resistance and will consolidate then the next upward target will be at $48.5 / barrel. Crude Oil remains bearish on medium and long term, so this bullish momentum can be only temporary and the price will resume the bearish movement with target at $33 / barrel.


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