Oil is correcting lower, after a limited strengthening of the US dollar. Right now, the West Texas (WTI) is trading at 77.19 dollars at the NYMEX. Crude climbed 0.3% since the session started, hitting a daily high at 77.68 dollars. Right now, the price is near the firstintraday support at 77.00 (previous level before the key support at 75.00 and potential upwards rebound).If the trend reverts, the next resistance is at 77.80 dollars.
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