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Crude Oil






3/17/2015 2:11:47 AM

Crude Oil - Technical Analysis: Tuesday, 17/03/2015 06:11 GMT



Crude oil price is testing the recent low at 43.58 since yesterday in attempt to confirm breaking it, and the continuation of the pressure that comes from the exponential moving averages 50 and 100 supports the expected decline.

MACD is about to offer negative signal that we are waiting to form negative motive that supports heading towards 41.50 then 40.00.


Target
Risk


Support
Resistance


Trend Bearish

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