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Crude Oil






10/30/2020 1:43:13 AM

Crude Oil - Technical Analysis: Friday, 30/10/2020 05:43 GMT



After failing to consolidate above 40.00$ barrier, Crude oil price declined strongly to attack important support line now at 36.10, breaking this level means that the price will head for more decline in the coming period.

The exponential moving averages 50 and 100 turn to form negative pressure against the price and support the continuation of the bearish trend.


Target
Risk


Support
Resistance


Trend Bearish

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