With Growing Optimism, OIL May Hit Upper Channel Before Pullback

TVC:USOIL   CFDs on WTI Crude Oil
With the growing bullish sentiments in the world oil market, price of WTI may hit the upper channel of the bullish wedge before there could possibly be a pullback against our earlier outlook on the commodity (as predicted last week, shown below). Also we have reviewed our target price from 67 to 73.

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