WTI Crude Oil May Test Weekly Resistance At 113.76 Levels
CommodityOnline | Aug 28, 2013 03:33AM ET
US Oil closed higher on Tuesday. The high range close sets the stage for a steady opening when Wednesday's night session begins. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near term. Closes above July's high crossing would renew this summer's rally while opening the door for a possible test of weekly resistance crossing later this summer.
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