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Chart alert: WTI crude oil bullish breakout above $78.10/barrel in play
WTI crude oil has rallied nearly 19% since late February, breaking a long-term downtrend and reaching a 14-month high near $78. Escalating geopolitical tensions involving the United States, Israel, and Iran, alongside fears of disruption at the Strait of Hormuz, have amplified supply risks. With bullish momentum intact, markets are watching whether prices can break above $78.10 to target the $80–$84 range.
by Kelvin Wong
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