Prices continue to tread water near the $1300/oz figure. A daily close above the 123.6% Fibonacci expansion at 1300.39 exposes the 138.2% level at 1316.16. Alternatively, a turn back below the 100% Fib at 1274.89 targets the 1249.39-55.20 area marked by the 76.4% expansion and the October 21 high.
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CRUDE OIL TECHNICAL ANALYSIS –
Prices are stalling having attempted to recover as …