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Crude Oil






8/18/2017 12:38:06 AM

Crude Oil - Technical Analysis: Friday, 18/08/2017 04:38 GMT



Crude oil price shows some temporary rise to approach from testing 47.22 level that forms important resistance after breaking it previously, and the bearish trend still expected as long as the price is below 48.44, waiting for more decline that its targets begin by testing 46.23 and extend to 45.24.

We should note that surpassing 48.44 will stop the current negative pressure and push the price to return to the main bullish trend again.


Target
Risk


Support
Resistance


Trend Bearish

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