WTI bears are lurking in what could be a peak formation on the charts Oil WTI Commodities DollarIndex Fed
The resistance of the trendline and horizontal $73.90 could play a role in a subsequent sell-off in the coming sessions. A break of $73.90, however, opens the risk of a move towards the $76.70s. A break of trendline support and $72.50 could start the initial phase of a topping formation. A break of $71.70s will be key in this regard also. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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