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US Oil – approaching a price line that has been previously tested numerous times in the past

The movement of US Oil towards 78.4190 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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We expect a $2079 movement on ZC within 12 hours following the event release at 2025-01-21 07:00.

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