Crude Oil Technical Preview – March 11th

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Crude Oil in consolidation between 54.22 and 43.56. As the US Dollar resumed its bullish rally, commodities across the board continued to fall including Oil. Although prices barely moved within the larger time frame, Crude Oil is clearly in a consolidation phase with a possible breakout taking shape. However the fact that prices seem to have stabilized for now is being taken in good stride as s...

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