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[QUOTE="Mikhail Kurakin, post: 196249, member: 2368"] WTI Crude Oil: oil renews record highs Current trend Today, during the Asian session, prices for WTI Crude Oil are growing moderately, consolidating above the psychological level of $70 per barrel. Positive dynamics are taking place against a certain lull in the market, as investors prefer to wait for the appearance of a block of macroeconomic statistics on US consumer inflation. Next week, the next meeting of the US Federal Reserve System will take place, at which, as some experts expect, preliminary discussions of a gradual tightening of monetary policy in the country may begin. Additional support for the instrument was provided by the API report on oil reserves in American warehouses published on Tuesday. For the week of June 4, oil reserves decreased by 2.108M barrels after falling by 5.36M barrels over the previous period. Markets are awaiting the release of the final report on oil reserves from the US Department of Energy on Wednesday. Forecasts assume a decline of 3.576M barrels after a decrease of 5.08M barrels earlier. Support and resistance Bollinger bands grow steadily on the daily chart. The price range actively decreases, indicating the risks of the instrument being overbought in the nearest time intervals. MACD grows, maintaining a strong buy signal (the histogram is above the signal line). Stochastic, having approached its highs, reversed into a horizontal plane, signaling that the instrument is overbought in the ultra-short term. It is better to keep current long positions until the signals from technical indicators are clarified. Resistance levels: 71.00, 71.80, 73.00. Support levels: 70.00, 69.08, 68.15, 67.00, 65.74. [img]https://media.clawshorns.com/uploads/files/6a296a53fa0cc1b94b8980bbe738e1a8.png[/img] [img]https://media.clawshorns.com/uploads/files/e00560cf7304e8169afcd33d72901472.png[/img] [/QUOTE]
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