Update: Crude oil recovers some of its losses
Economies.com
2014-12-17 19:12PM UTC
Crude oil price soared quickly to test 59.00 barrier, but we notice the bearish rebound now to support the chances of resuming the major bearish trend again, especially that stochastic is offering negative signal on the four hours time frame.
The suggested scenario in our main technical reports will remain valid for the rest of the day.
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