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Crude Oil






2/18/2015 2:00:41 AM

Crude Oil - Technical Analysis: Wednesday, 18/02/2015 07:00 GMT



The inverted head and shoulders’ pattern was completed after getting a daily close above the breached neckline, and the full target of this pattern reaches 64.50.

The bulls’ power indicator rises to support the chances of breaching the exponential moving average 50 that forms resistance now at 54.50.


Target
Risk


Support
Resistance


Trend Bullish

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