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$62-$63 ‘Major Resistance’ for Crude Oil Rally

$62-$63 ‘Major Resistance’ for Crude Oil Rally

Schwab Network · Schwab Network

May 12, 20257m 38s

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Show Notes

Scott Bauer expected a crude oil rally after getting to “extremely oversold” territory – but not “this big.” Thus, he’s cautious on the oil market, especially around the $62-$63 area, where he sees major resistance. He also sees “too much optimism” in the U.S. dollar as it approaches 102. He says bitcoin might’ve gotten out “over its heels” and we are now seeing some risk-off moves.


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