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Crude Oil






12/11/2014 3:12:10 PM

Crude oil attacks the psychological barrier and trades below it - Technical Analysis



The process now is attacking the psychological barrier at 60.00$ per barrel, and the exponential moving average 50 continues its negative pressure on the general trading, opening the way to visit the next main areas around 52.73.

A daily close below 60.00 will add more negative pressure, and breaking 58.00 will confirm the continuation of the bearish trend in the upcoming period.


Target
Risk


Support
Resistance


Trend Bearish

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