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Crude Oil






7/9/2017 11:07:54 PM

Crude Oil - Technical Analysis: Sunday, 10/07/2017 03:07 GMT



Crude oil price declined in the previous sessions after confirming breaking 44.70 level, and it retests this level now, while the price still inside the descending channel that carries the price from 47.33 areas.

Thus, the decline will remain expected for the coming period supported by RSI losing its positive momentum gradually, waiting to visit 43.31 level mainly, noting that surpassing 46.09 will stop the bearish trend expectations and push the price to return to the bullish trend again.


Target
Risk


Support
Resistance


Trend Bearish

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