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Crude Oil






8/29/2017 1:52:44 AM

Crude Oil - Technical Analysis: Tuesday, 29/08/2017 05:52 GMT



Crude oil price broke 47.22 level strongly and head direct towards the first negative target at 46.23, indicating that the correctional bearish trend will dominate the coming trades, as the next target is located at 45.24.

Thus, the bearish trend will be expected in the coming period, noting that surpassing 47.22 will stop the current negative pressure and lead the price to attempt to return to the bullish trend again.


Target
Risk


Support
Resistance


Trend Bearish

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