Crude Swings back to its Well-Tested Range High as Bounds on Sentiment Remain

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January 1, 1970

After spending well over a week bound to a tight range, oil on the NYMEX pushed above its frequented range top around $80.50 and forged a high at levels not seen since January 18th. This is a notable statistic for a high; but the sustainability of this trend extension is still under questions.
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Original post by John Kicklighter