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The west Texas middle crude oil market site moved back and forth in close diversity on Monday, as we continue to see great volatile behavior.forward trading is probably as smart as that. In the end, I think we break up with enough time, basically because of the us dollar’s decline more than anything else. I believe that the place of the market will continue to see the EMA of 50 days and -day EMA, either low as support.If we fell below $40, that could replace a lot of things.There is no order for crude oil, but the US dollar continues to fall.
The Brent markets also seem very indirect, to say the least, because we have shown a propensity not to move anywhere.Lately we are refusing around the 200-day EMA, which is, of course, a domain that many other people will pay attention to.the 50-day EMA also comes into play as a prop, so I think somewhere in this general neighborhood, keep watching shoppers come in and earn price as it happens.The market continues to rely on the fall of the US dollar more than anything else right now, so I think the “buy at the minimum” mentality deserves to remain the way to get through the next sessions.I have no interest in promoting until we go under the 50-day EMA.
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This article was originally published on FX Empire
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