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12/9/2014 12:05:53 AM

Crude Oil - Technical Analysis: Tuesday, 09/12/2014 05:05 GMT



Breaking the sideways range support, also 61.8% Fibonacci level – for the bullish wave from 33.55 to 114.80-, to support the continuation of the bearish trend on the medium term.

Negative pressure from the exponential moving average 50, and the bears’ power is rising.


Target
Risk


Support
Resistance


Trend Bearish

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