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Crude Oil






3/12/2015 2:25:55 AM

Crude Oil - Technical Analysis: Thursday, 12/03/2015 06:25 GMT



Crude oil price fell under negative pressure that pushed it to break the ascending channel’s support that forms bearish continuation flag pattern, this pattern offers signals to resume the long term bearish trend.

The negative pressure coming from the exponential moving averages 50 and 100 supports the decline in the upcoming period, besides the bearish trend that appear on stochastic.


Target
Risk


Support
Resistance


Trend Bearish

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