Crude Oil Price Trades in Descending Channel After Failing to Defend April Low - DailyFX

The price of oil may continue to trade within the descending channel carried over from last month as it fails to defend the April low ($92.93).

Crude Oil Price Talking Points The price of oil attempts to retrace the decline from the previous week following the failed attempts to close below the 200-Day SMA ($93.51), but crude may continue t… [+2793 chars]

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