Oil and Natural Gas Technical Analysis: Oil Drops from Resistance
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The oil market is encountering strong resistance, leading to a drop in prices, while natural gas is poised for a positive move due to increased heating demand.
January 09, 2025 | 3:30 am
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BNO, an ETF tracking oil prices, may see a short-term decline as oil faces strong resistance, causing a drop in prices.
BNO is directly affected by oil price movements. The article indicates oil is facing resistance, leading to a price drop, which is likely to negatively impact BNO in the short term.
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RELEVANCE 80