Crude Oil Aims Higher at Support

Crude Oil Aims Higher at Support

9 August 2014, 15:34
Peter Gervas
0
226
Prices are attempting to recover after putting in a bullish Piercing Line candlestick pattern above support at a rising trend line set from June 2012. Near-term resistance is at 98.93, the 14.6% Fibonacci expansion, with a break above that exposing the 23.6% level at 100.41. Trend lien support is now at 96.45.


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