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Crude Oil






4/28/2015 1:25:09 AM

Crude Oil - Technical Analysis: Tuesday, 28/04/2015 05:25 GMT



Crude oil price finds good resistance at 23.6 Fibonacci level located at 57.48, waiting a clear breach for this level to confirm continuing the bullish trend.

The ascending channel still organizing the current bullish wave, which gets positive support from the exponential moving averages 50 and 100.

Some sideways fluctuation might appear until the indicators turns its negative signals to become positive to push the price to breach 57.48 level.


Target
Risk


Support
Resistance


Trend Bullish

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