Crude Oil Price Forecast – Crude Looks Ready For a Short Term Bounce
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Crude oil markets are mixed, sitting on major support levels, indicating a potential short-term bounce. This situation may attract short-term traders.
November 18, 2024 | 2:45 pm
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The United States Brent Oil Fund (BNO) may experience a short-term price increase as crude oil markets are sitting on major support levels, indicating a potential bounce.
The article suggests that crude oil markets are at major support levels, which often leads to a bounce. As BNO tracks Brent oil prices, it is likely to be impacted by this potential short-term increase.
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