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Jim Wyckoff

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Crude oil bulls in command

January 25, 2021 by Jim Wyckoff

The Nymex crude oil futures market remains in a solid price uptrend with prices trading above $50.00 a barrel. The bulls are in firm control of the market and there are no early clues to suggest a market bottom is close at hand. Thus, the path of least resistance for oil prices will remain sideways to higher. Make sure to read my daily markets reports for those very early clues on potential changes in price trends in markets. Stay tuned!– Jim

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

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There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

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