WTI Crude Oil - Long Above Key Support Level
WTI Crude oil has been dropping but we do believe there is upside potential as long as the market is above the key support level at $50.55. This is due to the possibility that tensions in the Middle East worsen and there is a recovery in the global economy as payrolls today came in at 136K vs 145K expected whilst the August number was revised upwards by 38K.
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