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Oil Price Eyes 200-Day SMA After Clearing October High

The price of oil may attempt to test the 200-Day SMA ($97.87) as it clears the October high ($93.64). ....

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Oil Price Holds Above 50-Day SMA to Eye October High

The price of oil may attempt to retrace the decline from the October high ($93.48) as it seems to be no longer responding to the negative slope in the 50-Day SMA ($86.44). ....

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Oil Price Breaks Out of Bull Flag Formation to Eye Monthly High

The price of oil may continue to retrace the decline from the monthly high ($93.48) as it breaks out of a bull-flag formation. ....

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Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

A bull-flag formation may unfold over the coming days as the price of oil appears to be reversing a head of the monthly low ($80.87). ....

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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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