WTI Crude Oil Price Analysis for March 21, 2018
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In that case, crude oil could pull back to the broken triangle resistance around the moving averages dynamic support to gain more buying support.
Geopolitical tensions in Iran and the economic crisis in Venezuela could keep a lid on global output, as the dip in production in these countries could offset the pickup in US exports. Apart from that, strong demand from China could also keep prices afloat.
However, the FOMC statement could have…