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WTI Crude Oil Eyes $59.30 Recovery as Bulls Test Key Levels
WTI Crude Oil Eyes $59.30 Recovery as Bulls Test Key Levels
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WTI Crude Oil trades at $58.58, buoyed by cautious Optimism around U.S.-China trade talks and Federal Reserve signals. Technical resistance looms at $58.61, with a breakout potentially propelling prices toward $59.30. Market participants are advised to maintain tight stop-losses below $58.00 amid ongoing volatility.
The commodity’s trajectory hinges on macroeconomic developments, particularly trade negotiations and central bank commentary. Thursday’s rebound followed a sharp decline, underscoring the market’s sensitivity to geopolitical and economic cues.
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