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    WTI recovers amid fresh trade/political risks

    A remarkable series of eleven consecutive sessions of lower highs, the market now also has higher daily lows and higher highs. While it continues to post a series of higher daily lows, the bulls will remain in control, meaning yesterday’s low at $ 1343 is important to watch. Certainly from a short-term perspective, it swings higher, but there is now a band of resistance from the old lows of March in the game. For the time being it still finds its feet, but the bulls are fighting. It would also constitute a decisive new downward trend in the medium term. European markets are strong in early movements, but, as always,…