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January Crude Oil futures are trading lower by $0.84 at $42.20 in Friday's session. Over the last three trading sessions (including today's action), it has been rangebound.
On the upside, all three highs have been between $43.25 and $$43.46. On the downside, it has bottomed in even a narrower range between 41.72 and $41.86.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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