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Crude Oil






12/5/2014 2:47:26 AM

Crude Oil - Technical Analysis: Friday, 05/12/2014 07:47 GMT



Breaking the bullish intraday trend line puts the price within sideways track now, and the contradiction between the exponential moving average 50 negativity and stochastic positivity causes the sideways actions.

Breaking 64.65 will push the price for more decline on the short term and medium term basis, and breaching 69.45 will open the way for strong gains on the near term.


Target
Risk


Support
Resistance


Trend Sideways

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