WTI Crude Oil Rises Past Previous Resistance

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Oil prices continued to push higher as price action cleared the previous resistance level near 38.83.

Following the upside breakout, the commodity also pushed slightly higher to the levels near 40.00 before pulling back.

If the current pullback continues, then oil prices could be retesting the 38.83 level to establish support.

This could potentially set the stage for further continuation if the support holds.

The next upside target from 38.83 will be the 41.00 level. Previously, price action managed to hold on briefly.

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