Crude oil slips back below the $33.66 technical resistance

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WTI Crude oil prices gave back the gains from earlier this week as prices are trading softer.

The commodity is trading near the 33.66 level which has been somewhat difficult to break past.

But, the Stochastics oscillator is positioned bullishly and this could trigger further upside.

A strong close is needed to confirm the upside which will see the commodity rising to the levels near $40.

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