Crude oil prices may extend gains after Saudi Arabia unexpectedly cut production ahead of the monthly OPEC outlook report. US fiscal stimulus bets may also underpin WTI.
<p>Oil’s rally powers on Positive US data and a fall in EIA crude inventories were enough to maintain oil’s upward momentum overnight. OPEC+’s JTC produced no surprises, and th
<p>Pivot</p> <p> (invalidation): 1.2435 Our preference</p> <p>Short positions below 1.2435 with targets at 1.2390 & 1.2360 in extension.</p> <p&
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