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Further upside momentum for Oil

OIL
  • WTI is pushing through another session high.
  • Besides some DOE draw yesterday and investors generally more upbeat on commodity prices, not really seen a clear new catalyst for the $3.40 rally since 06.00GMT in WTI .
  • Some momentum did pick up after European lunch time, after headlines that the Army are shooting at protesters in Kazakhstan, and reports of fatalities.
  • There isn't much in terms of technical at current price, with next upside target now at $81.73 - High Nov 10

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