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Oil Market Commentary 3 11 2016 (Video)

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By EconMatters




A sleepy Friday where we touched $39 a barrel briefly before profit taking into the European close. We have near term support for WTI at $37.22 for the April contract, with the next level of stronger support at the $36.12 area on the charts. If we break $36 a barrel this will signal weakness as we will be breaking back down from where we recently broke out of from a trading range.




Strong Uptrending Week




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