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WTI Crude Oil April Contract - Forecast for 03/07 by Daytradeideas.com

WTI Crude Oil broke lower to retest 89.47 support, holding above here as predicted, as we expect the end of the 4 week sell off. We now face 90.54 resistance with a push through here very possible to target 91.30/40 for a high for the day here. However we cannot rule out a break higher for 91.90 then 92.50/92.70.

Support at 90.05/00. Below here risks a retest of 89.50/35 which should present a very good buying opportunity once again. However a break could target 88.59.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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