WTI Crude Oil Forecast: Pulls Back from the 200-Day EMA

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WTI Crude Oil Forecast: Pulls Back from the 200-Day EMA
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The West Texas Intermediate CrudeOil market has pulled back a bit, losing over 2% during the trading session on Thursday.

Enter your emailThis is a market that I think continues to see choppy volatility.market has pulled back a bit, losing over 2% during the trading session on Thursday.

Furthermore, the 50-Day EMA is sitting just above there and is dropping, so it’s likely that we would see some type of “death cross” form in that area.Looking at the situation in the oil market, you need to pay close attention to the fact that there are a lot of moving pieces.

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