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Crude Oil






5/19/2020 7:56:21 PM

Crude Oil - Technical Analysis: Tuesday, 19/05/2020 23:56 GMT



Crude oil price exit from the descending channel, besides forming inverted head and shoulders’ pattern form positive factors that support achieving more rise.

Stochastic is positive, and the positive support provided by the exponential moving averages 50 and 100 form motives to push the price to keep achieving gains.


Target
Risk


Support
Resistance


Trend Bullish

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