WTI Crude oil attempts to retest resistance

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Crude oil prices are posting a modest rebound after slipping into a range.

Price action is now trading within the 18.95 and 11.85 levels. However, further gains will come only on a breakout from this range.

A strong close above the 18.95 level will confirm further gains.

But there is also scope that prices could slip back to the lower end of the range 11.85.

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