FX & CFD trading involves significant risk
The Chinese rate hike from the PBOC sent the March Nymex WTI oil price through the 100 day MA at $86.99 to $85.85 support before bouncing back towards $86.50. Support remains at $85.85 and $84.21 with resistance at $86.99 and $87.48. the focus is on the API Inventory data tonight and the DOE report tomorrow.
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