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Crude Oil






11/27/2014 3:05:11 PM

Crude Oil - Technical Update after OPEC meeting decisions



Crude oil price suffered strong losses after OPEC meeting decisions, and breaking the psychological barrier at 70.00 per barrel hints that the bearish wave will remain dominant.

Continuous negative pressure from the EMA50, and more rise at the bears’ power indicator.


Target
Risk


Support
Resistance


Trend Bearish

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