Crude Oil Weekly Technical Report 22-26/7/2013
ecPulse
2013-07-22 07:51AM UTC
WTI Crude touched 109.25 on Friday, but was rejected strongly, as price fluctuated sharply. A bearish divergence is seen on RSI, while price found resistance at the 161.8 percent extension level which is near 110.00 key psychological level as well. Accordingly, a downside correction is likely this week.
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