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Crude Oil






12/19/2017 2:36:07 AM

Crude Oil - Technical Analysis: Tuesday, 19/12/2017 07:36 GMT



Crude oil price managed to surpass our waited target at 57.00, and it moves within bullish pennant pattern recently, while surpassing 58.20 will confirm the continuation of the bullish trend towards 60.00 as a next target.

On the other hand, breaking 56.30 will stop the expected rise and push the price to start short term bearish correction.


Target
Risk


Support
Resistance


Trend Bullish

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