Dominate Your Market
by Jim Wyckoff
Nymex crude oil futures prices this week hit a more-than-three-month high and bulls are enjoying a price uptrend in place on the daily bar chart. The bulls have the near-term technical advantage. However, the going will get tougher for them on further price gains. There is a stiff layer of technical resistance that resides just above present price levels. That resistance layer has turned back price rallies dating back to late 2022. Stay tuned! Jim Wyckoff
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