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Crude Oil Price Outlook: WTI May Extend Push Higher as Retail Traders Turn Bearish

August 31, 2023

Via: DailyFX

Crude oil prices extended higher over the past 24 hours, continuing a near-term winning streak since last week. In response, retail traders have been cautiously increasing downside exposure. This can be seen by taking a look at IG Client Sentiment (IGCS), which can at times function as a contrarian indicator. With that in mind, could WTI continue rising from here?

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