January Crude Oil futures are trading higher by $1.04 at $42.79 in Tuesday's session. Following a higher open, it retreated and found support just above Monday's close ($41.75), reaching $41.86 before turning higher.
After clearing the pair of highs from Friday ($42.76) and Monday ($42.75), it sprinted to $43.46. That level is just above the pair of highs from November 13 ($43.26) and November 14 ($43.30).
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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