Update: Crude oil negotiates the support
Economies.com
2016-02-08 16:31PM UTC
Crude oil price showed an initial test to the support line that we are waiting to break at 29.60 without managing to break it until now, as the price is affected by stochastic current positivity, which might push trading to test the EMA50 again before turning back to decline.
In general, our bearish trend expectations will remain valid for the upcoming period as long as the price is below 32.56.
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