(Bloomberg) -- Crude oil is set to reach $91 a barrel in New York after breaking through its four-month trading range and 200-week moving average, according to technical analysis by Barclays Capital. Crude is poised to close above its 200-week mean for a third week after staying below this level for the past year. The commodity has also breached a range roughly between $60 and $76 that held from June to October, the bank said. This creates the potential to form a new range of similar size that may take prices in a “measured move” up to $91 a barrel, Barclays said.
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