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Crude Oil






4/11/2017 1:41:27 AM

Crude Oil - Technical Analysis: Tuesday, 11/04/2017 05:41 GMT



Crude oil price succeeded to rally to the upside and surpass 53.02 to settle above it, supporting the continuation of the inverted head and shoulders pattern's effect, opening the door to head towards the next target at 54.73.

Note that breaking 53.02 might push the price to visit 51.64 level –that turns into support now after breaching it previously- before turning back to rise.


Target
Risk


Support
Resistance


Trend Bullish

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