WTI Crude Oil Prices March Futures – February 8, 2017

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The WTI Crude Oil Future price is currently slightly below the 50 moving average of 52.67. Stochastic and RSI is currently at neutral levels.  The price ignored recent news about the US having massive amounts of crude supply and ended the day in green with massive short covering. Crude Oil has been in consolidation since November and there is still no clear direction in where the prices are going.

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