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Jim Wyckoff

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Crude oil prices starting to trend up

December 23, 2022 by Jim Wyckoff

The Nymex crude oil futures market appears to have put in a price bottom as a price downtrend has been negated and prices are now starting to trend up on the daily bar chart. A close above chart resistance at $80.00 would give the bulls more power to suggest the price uptrend can be extended. Stay tuned! Jim Wyckoff

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

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