Commodities Weekly (22 Oct ’17)

Oil prices showing fresh signs of improvementRecovering from short-term pullback.

Balanced beneath $52.86 high of September with mixed studies.

Rising Tension Indicator and improving background studies highlight fresh gains in the coming weeks.

A close above here will open up critical monthly resistance at the $55.24 high of January.

Pending Upgrade to Positive.

An unexpected close below $49.00 will confirm continuation of the September bear trend and turn investor sentiment Negative.

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