Update: Crude oil affected by a negative pattern
Economies.com
2014-10-22 19:11PM UTC
Crude oil price broke the bearish channel’s support level strongly and completed a minor double top pattern at 81.50, which opens the way for negative trading for today, and we need to monitor the daily candlestick close according to 80.00 support and 81.50 resistance, as breaking the mentioned support will cause an extension with the oil price losses in the upcoming sessions, while breaching the resistance will re-activate the recently suggested positive scenario.
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