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Crude Oil Rebounds From 6-Year Low

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Crude Oil futures are now trading higher by $0.54 at $36.16 in Monday's session. Earlier in the session, it traded down to $34.53, which marks the lowest level for the contract since February 2009.

The ensuing rally has taken the issue back into the $36 handle, but has found resistance in a familiar place. After peaking at $36.84 in Friday's session, Monday's rally has stalled just ahead of it at $36.70 and retreated to the $36 area.

 

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Posted-In: Crude Oil crude oil futuresFutures Technicals Commodities Intraday Update Markets Trading Ideas

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