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Crude Oil: Stabilizes Below 55.60

Published 12/29/2014, 04:01 AM
Updated 07/09/2023, 06:31 AM

Crude Oil Chart

Crude oil broke the Triangle Pattern support showing on graph, and stabilized below 55.60 which support extending the expected downside move in the short and medium term, supported by the negativity of Linear Regression Indicators. The next target resides at 52.10, while achieving it requires stability below 55.60.Support Resistance & Recommendation

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