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Crude Oil






12/7/2018 12:30:55 AM

Crude Oil - Technical Analysis: Friday, 07/12/2018 05:30 GMT



Crude oil price declined again to test 50.25 level, with signals to continue the bearish trend to break this level and head to 45.00 then 42.00.

The exponential moving average 50 supports the expected decline, and consolidating below 53.20 is important to continue the bearish trend.

t

 


Target
Risk


Support
Resistance


Trend Bearish

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