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Crude Oil






5/23/2017 3:27:50 AM

Crude Oil - Technical Analysis: Tuesday, 23/05/2017 07:27 GMT



Crude oil price shows stability around 51.00 level, and RSI attempts to get positive momentum to assist to push the price to continue the bullish trend, as the rise still expected in general as long as the price is above 49.70.

Our next target is located at 54.00, while breaking 49.70 will push the price to start bearish correction that its targets begin at 48.64 and extend to 46.90.


Target
Risk


Support
Resistance


Trend Bullish

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