Oil and Natural Gas Technical Analysis: Bullish Patterns and Market Volatility
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The article discusses the technical analysis of oil and natural gas markets. WTI crude oil is showing strength and nearing a significant resistance level, indicating potential bullish patterns. In contrast, natural gas is experiencing a pullback from its resistance level, suggesting market volatility.
January 02, 2025 | 3:45 am
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BNO, an ETF tracking Brent crude oil, may be influenced by the bullish patterns in WTI crude oil as it approaches a key resistance level.
BNO is an ETF that tracks Brent crude oil prices, which are often correlated with WTI crude oil. The bullish patterns in WTI suggest potential upward movement in oil prices, which could positively impact BNO.
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