Oil Market Forecast & Review 21st June 2013
August crude oil continued its sharp rally which began two weeks ago when the market successfully held a major pivot zone at $94.32 to $93.13. The upside momentum generated by the move triggered a strong rally, boosted by a breakout through the downtrending resistance line of a triangle chart pattern.
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After taking out a pair of tops at $97.46 and $97.94, the…