Update: Crude oil completes negative pattern
Economies.com
2015-09-01 14:41PM UTC
Crude oil price trades with clear negativity to complete forming a minor double top pattern after breaking 47.00 level, which puts the price under negative pressure expected to turn the intraday trading to the downside for the rest of the day, and the first main target is located at 44.00.
Holding below 47.00 and 48.40 will keep the bearish bias valid and stop the positive scenario suggested in our major reports of today.
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