Prince building momentum to go higher

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Kontrak Berjangka Minyak Mentah Ringan (NYMEX:CL1!)

NYMEX:CL1! Kontrak Berjangka Minyak Mentah Ringan

Price is currently building momentum to go higher. Current price has lot of resistance at 48,5 - and lower channel wedge line below. Wedge itself has not finished it's constructing, and oil is in a demanding season fundamentally. Market is adopting faster than anticipated to adapt to lower supply as well, supporting stronger price.

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