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Chart Outlook: Golden Cross confirmed in WTI Crude Oil (5 minute video)

A golden cross occurs when the 50-day average crosses the 200-day moving average to confirm the start of a new uptrend. I’ve been watching the averages in WTI crude oil for a while and today they completed a proper golden cross (unlike the recent false signals in US and UK indices) as oil rallied, propelled by positive US inventory news.


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