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Crude Oil And A Retreat That Makes Sense

Crude Oil And A Retreat That Makes Sense

April 21, 2017

I have been repeating myself like a broken record that $50 is the pivot point and a sweet spot for nearby NYMEX crude oil futures. In my latest work for Seeking Alpha, I reiterate my point that crude oil is in a trading range, that last week’s selloff makes lots of sense, and that crack spreads provided valuable tools for the path of least resistance for the price of crude oil on a short-term basis.

Article: Crude Oil And A Retreat That Makes SenseĀ 

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