Crude Rally Ended By Greater Than Expected Inventory Build

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  • Closed near upper end of month-long trading range on Tuesday at $48.53.
  • Rallied  and found resistance above August 31 high ($49.63), reaching $49.71.
  • Tanked after inventory build, going past the close ($48.53) to $48.23.
  • Since making the low, attempting to return to the $49 handle.

 

 

 

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