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Resistance $54 to $55. If closes above $55 should go to $60 +

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Tanker sabotage put a floor under WTI for now ($50). 

Traded up on China trade negotiations starting up.  Really not the problem. Concern about future demand does exacerbate the problem. The tight supply really false.  OPEC cuts not very effective BUT Trumps sanctions now starting to take affect. Might draw down supply.

The jump today many of last week's short volume now covering.  Wait to see if any follow thru.

The markets are weighing

Edited by Falcon

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