Crude Oil Weekly Technical Report 3-7/11/2014
ecPulse
2014-11-03 08:46AM UTC
Crude oil is still fluctuating in a bearish bias stabilizing below the support of the descending channel, as we wait for a clear break of 80.00 and a daily closing below it to continue with the downside move on the short term targeting next 78.00. Linear Regression Indicators are supporting the awaited bearishness that requires stability below 81.15 levels.
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