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Jim Wyckoff

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Crude oil prices trending up

February 20, 2024 by Jim Wyckoff

Nymex crude oil prices have just hit a 3.5-month high and prices are trending higher on the daily bar chart. The bulls have the near-term technical advantage and the path of least resistance for prices remains sideways to higher. The rallying crude oil market is also good news for most raw commodity market bulls. Crude oil is the leader of the raw commodity sector. Stay tuned! Jim Wyckoff

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

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