Crude oil changes the track

Economies.com
2013-02-20 18:40PM UTC

Crude oil price suffered sharp losses to break the upside channel's support line followed by the most important level at 95.20, to complete drawing a double top formation shown in the above image.

 

The intraday trading changes into the downside, and a daily close below 95.20 will confirm heading towards 93.25 as a next main target, followed by 92.20 as a full target for the mentioned pattern.

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