crudeoil continues to stare down the 200-Day EMA
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However, there has been a great deal of hesitation in the market, with prices failing to gain significant upward momentum despite OPEC's decision to cut production by 1.6 million barrels per day.One factor that could impact the market moving forward is global demand, which remains uncertain at this time. In addition, there is a significant gap below current levels that need to be filled, which is often a target for futures traders.
Despite the challenges facing the market, there are still potential opportunities for investors willing to take a long-term approach. Those who are willing to navigate the volatility and remain disciplined in their approach can still find success in this market.
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