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Crude Oil






4/7/2015 12:56:36 AM

Crude Oil - Technical Analysis: Tuesday, 07/04/2015 04:56 GMT



Clear positive trading recently that pushes Crude oil price to approach from the sideways range resistance located at 54.20, this range still dominating the price actions, while its support line is located at 43.60.

Stochastic reach to the overbought areas now might assist to push the price to rebound bearishly to visit the mentioned range’s support.

Breaching 54.20 level will lead the price to achieve strong gains on the short term basis.


Target
Risk


Support
Resistance


Trend Sideways

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