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Crude Oil






6/20/2017 6:32:01 AM

Crude Oil - Technical Analysis: Tuesday, 20/06/2017 10:32 GMT



Crude oil price declined clearly yesterday after testing the descending channel's resistance, and attempted to break 44.20 level but it did not manage to confirm the break, as it shows some rise now, but RSI loses the bullish momentum gradually.

Overall, the bearish trend still dominant in the coming period unless the price rallied to surpass 45.00 level and settle above it, noting that the next target of the expected bearish wave is located at 43.00


Target
Risk


Support
Resistance


Trend Bearish

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