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Crude Oil Price Rebound Evolves Into Bull Flag Formation

The price of oil may attempt to retrace the decline from the monthly high ($93.64) as a bull-flag formation appears to be taking shape.

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Crude Oil Forecast: Overbought RSI to Accompany Higher Crude Prices

An overbought reading in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this month.

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Oil Price Susceptible to RSI Sell Signal amid Rise in US Inventories

Looming developments in RSI may indicate a near-term pullback for the price of oil if the oscillator falls below 70 to offer a textbook sell signal.

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Oil Price Eyes 2021 High as RSI Pushes Toward Overbought Territory

A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen during the previous year.

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Oil Price Forecast: Crude on Track to Fill November Price Gap

The price of oil appears to be on track to fill the price gap from November as it clears the December high ($77.44).

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