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Argus
•
Apr 21, 2026
Technical Assessment: Bullish in the Intermediate-Term
Summary
Crude oil popped higher on Monday and finally put an end to the 13-day stock-market winning streak. Light Sweet Crude (WTI) jumped over 5% and was trading near $87/barrel in late Monday trading, while Brent oil rose over 5% to $95/barrel. This comes after WTI traded as low as $79 on Friday and Brent was down at $86. Stocks, for the most part, continue to shake off oil price spikes. The major indices saw only mild losses, while the S&P MidCap 400 (MDY) rose 0.6% and the S&P SmallCap
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