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Crude Oil






2/4/2015 1:00:46 PM

Crude Oil - Technical Analysis: Wednesday, 04/02/2015 18:00 GMT



The price returns to trade inside the sideways range by moving below 49.60, and signs of continuing the bearish bias appear with a potential visit to this range’s support area at 44.20.

Bearish trend for stochastic supports the decline in the upcoming period, and breaking 48.10 will confirm the continuation of the bearish bias and moving inside the sideways range.


Target
Risk


Support
Resistance


Trend Sideways

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