Keeping The Show Tight
The Market Huddle
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The Bulls Need to Punch Oil Back Into the Trade Range to Neutralize the Downtrend
The WTI July contract has a huge trade range that's been established from, let's say, September of last year all the way through March. And to me, in order for the bulls to just neutralize the downtrend, they need to punch oil back into this trade range. If we on Monday after hearing from OPEC fade back down below $70, then there's nothing to get excited about.
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