Crude Oil Morning Technical Report 18/12/2014
ecPulse
2014-12-18 08:17AM UTC
The price is still fluctuating around the pivotal level 55.60 at 161.9% correction of the upside move starting from 77.20 to 112.21, waiting to break this level again and stabilize below it to confirm extending the overall downside move. Linear Regression Indicators are still negative and keeps the bearish expectations that remains valid unless there is a daily closing above 57.50.
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