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Crude Oil






7/16/2020 1:35:01 AM

Crude Oil - Technical Analysis: Thursday, 16/07/2020 05:35 GMT



Crude oil price reach to 61.8% Fibonacci correction level might press on the price to provide negative trades in the coming period, but it needs to consolidate below 40.50, as surpassing this level will push for new rises.

Stochastic is overbought, and supports achieving decline that starts by testing 39.35, and breaking it will push to 38.50 then 37.05.


Target
Risk


Support
Resistance


Trend Bearish

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