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Breakouts and Breakdowns in Energy Markets Today

CMC Markets

Both WTI and Brent Crude oil are under pressure today and have staged significant technical breakdowns today through key support lines and levels. Natural gas on the other hand has broken out of a downtrend. Note that natural gas is heading into what has historically been a stronger time for it seasonally as temperatures fall and traders start to pay attention again on anticipation of home heating season. Updated chart comments are available in the Chart Forum which you can access through the Market Pulse dropdown menu.


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