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Thread: OIL

  1. #1
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    OIL

    WTI crude oil escaped from the range of the flat with the boundaries 54,00-52,30. As we can see price momentum pierced at the time the support 52.00, and significantly deepened 51st figure, most likely due to a decrease in quotations on the black gold is to strengthen the position of the US currency. In terms of technical analysis is now as spent the first wave, you probably will emerge the second correction to around 52.00 if the rebound will happen, it certainly will continue to decline in the third wave all to the same 50.00.


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  2. #161
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    Oil prices fell during trading on Monday with the start of the trading week despite the OPEC agreement and independent producers to cut global production beginning early next year.Oil is trading at the lowest level upward price channel frame "weekly saver and could continue to decline to target levels of $43.40 .With the possibility of rising price channel test and resistance levels at $55.30 .

    Expected general Trend of the day: falling

    WTIH4.jpg

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