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Bearish early warning signal for Nymex crude oil

October 28, 2021 by Jim Wyckoff

The Nymex crude oil futures market this week hit a seven-year high above $85.00 a barrel. The bulls are in solid technical control as prices are trending higher. However, there is an early warning signal for the bulls. See at the bottom of the chart that the MACD index has just produced a bearish line crossover signal. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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  1. burung says

    October 29, 2021 at 5:37 am

    Write more, thats all I have to say. Literally, it seems as though you
    relied on the video to make your point. You obviously know
    what youre talking about, why throw away your intelligence
    on just posting videos to your weblog when you could be giving us
    something informative to read?

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