CRUDE OIL TECHNICAL ANALYSIS

CRUDE OIL TECHNICAL ANALYSIS

1 August 2014, 15:47
Lonny Strike
0
106
Prices continue to race downward, with sellers now aiming to challenge 76.4% Fibonacci expansion at 97.30. A break below that on daily closing basis exposes a rising trend line set from June 2012, now at 96.28. Alternatively, reversal above the 61.8% level at 98.56 aims for 50% Fib at 99.58.



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