Oil Morning Technical Report 26/11/2015
ecPulse
2015-11-26 11:50AM UTC
Moving averages attempt to crossover bullishly and that may extend the bullish recovery; however, 43.45 has stopped the inclines, while ADX shows decrease in uptrend and RSI14 shows weakness despite moving above 50.00.
Although the harmonic structure remains valid and may cause additional upside actions, but the signs on technical indicators force us to see a breakout above 43.45 firs
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