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Crude Oil






2/27/2015 1:54:09 AM

Crude Oil - Technical Analysis: Friday, 27/02/2015 06:54 GMT



The price moves inside a bullish channel, but at the same time, there’s negative formation that might be completed and push trading negatively in case breaking 48.10 level.

Thus, the sideways trading will be expected , and the levels that we should monitor are 48.10 support and 50.55 resistance

Breaking the support will push the price to 40.00 mainly, while breaching the resistance will lead to visit 60.00 areas.


Target
Risk


Support
Resistance


Trend Sideways

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