Crude Oil Weekly Technical Report 24-28/11/2014
ecPulse
2014-11-24 07:42AM UTC
Crude oil retested 77.20 and is still below it keeping our bearish expectations valid, waiting to extend the bearish wave to move towards 76.25 then 73.85. Of note, technical indicators are providing positive signals through Linear Regression Indicators, RSI and MACD indicating the possibility of positive attempts and then attempt to breach 77.20, which will halt the suggested negative scenario.
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