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Video: Charts of Crude Oil as of May 2, 2019

May 2, 2019 at 11:49 by Vladimir Vyun

In the present video, Peter Martin from Trading 212 discusses the latest pullback of crude oil. He starts with explanation of fundamentals that were driving the commodity higher, like geopolitical tensions, and then explains the factor that made crude retreat, namely the huge buildup of US crude oil inventories. The video continues with weekly, daily, and 4-hour charts of oil. It also shows 25-day exponential moving average and 125-day simple moving average on the daily chart of crude oil.

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