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Crude oil sees price uptrend stall out

September 30, 2020 by Jim Wyckoff

See on the daily bar chart for November Nymex crude oil futures that the uptrend that had been in place since May has stalled out. The direction in which prices break out from the support and resistance lines seen on the chart will very likely be the next significant trending price move in the crude oil market. Stay tuned!– Jim

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

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