Tempered Risk Trends Prevents a Crude Oil Bear Trend
Just 24 hours ago, crude was pitched into its sharpest decline in three weeks; and the bullish trend the commodity had carved for most of the month seemed over. However, in a sign that recent high levels of volatility do not have an outlet in the form of a clear trend; the commodity would reverse most of its losses through Friday and position the market back within a broad range between $80 and $77.50.
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