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WTI dips below $82

OIL
  • Oil/WTI test session low and back below $82, after Biden's latest comment, blaming the Cartel for inflationary pressures.
  • Technically, initial support is further out to $81.43 the 20 day EMA.
  • As pointed out on the EU Open, we have OPEC meeting tomorrow, which could be interesting, given Biden's latest comment.
  • And investors and market participants concerns on Energy prices

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