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Crude Oil






5/9/2017 1:04:29 AM

Crude Oil - Technical Analysis: Tuesday, 09/05/2017 05:04 GMT



Crude oil price moves within sideways track in the recent sessions, and we have potential under-construction bearish pattern, which its neckline located at 45.75, thus, breaking this level will confirm the continuation of the bearish trend on the short term basis, to head towards 43.50 again.

Thus, the bearish trend will remain expected and dominant in the coming period, unless the price rallied to surpass 47.60 level and settle with a daily close above it.


Target
Risk


Support
Resistance


Trend Bearish

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