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Crude Oil Rises Above A Significant Technical Level

Crude Oil Rises Above A Significant Technical Level

January 12, 2018

Crude oil rallied above its critical technical resistance level at the May 2015 highs on the NYMEX contract and Brent briefly traded above $70 per barrel for the first time since late 2014. In my latest work for Seeking Alpha, I explain why crude oil may be a crowded trade on the long side right now even though there are lots of factors supporting the energy commodity, but how the XLE may still have more room on the upside.

Article: Crude Oil Rises Above A Significant Technical Level

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