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Crude Oil






9/19/2014 2:40:39 AM

Crude Oil - Technical Analysis: Friday, 19/09/2014 06:40 GMT



Turning back to trade inside the descending channel, and negative pressure coming from the exponential moving average 50 to support the continuation of the bearish bias for the upcoming period.

Breaking 90.45 confirms stopping the last bullish correction before 38.2% Fibonacci areas to resume the main decline.


Target
Risk


Support
Resistance


Trend Bearish

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