WTI crude staged a sharp rebound at the start of the week, confirming a short-term bottom at 54.98. The move followed a brief breach of 55.20 last week that failed to gain traction, before price surged back through 57.13, former support-turned-resistance. The catalyst was a renewed escalation around Venezuela. News that U.S. authorities had intercepted […]
The post WTI oil jumps on tanker seizure fears, resistance cluster looms near 60 appeared first on ActionForex.
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