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Crude Oil






8/15/2014 11:57:32 AM

Crude Oil - Technical Analysis: Friday, 15/08/2014 15:57 GMT



Clear positive trading affected by stochastic, and the price is approaching from retesting the exponential moving average 50 at 97.30.

 

The general bearish bias remains valid affected by the head and shoulders’ pattern that appears on the chart, while breaching 97.30 will push the price towards 99.10 mainly.


Target
Risk


Support
Resistance


Trend Bearish

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