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Crude Oil






6/10/2020 4:21:52 AM

Crude Oil - Technical Analysis: Wednesday, 10/06/2020 08:21 GMT



The positive effect of the inverted head and shoulders’ pattern continues, pushing Crude oil price to achieve more gains, and it needs to surpass 61.8% Fibonacci correction level to confirm the continuation of the bullish trend.

Stochastic and the exponential moving averages 50 and 100 continue to support the price to keep rising.


Target
Risk


Support
Resistance


Trend Bullish

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