Oil Could Be Experiencing A Trend Reversal: LyxorMark Melin
Price trend in U.S. likely to continue as oil is starting to give algorithmic signs it might be searching for a bottom, but such market indicators have historical win percentages that temper making a definitive call
As a Citigroup analyst projects the price of oil is set to hit $20, certain algorithmic sensors watching market environments are detecting a potential trend reversal point in oil, indicating it could move higher.
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