Update: Crude oil completes the negative pattern
Economies.com
2015-03-27 19:42PM UTC
Crude oil price achieved strong break to 49.80 level, to complete forming the double top pattern mentioned in our major technical reports today, which opens the way to head towards 47.00 level mainly.
Therefore, the bearish bias will be expected for the rest of the day, noting that the EMA50 attempts to protect the price from suffering more losses by forming a support barrier now at 48.40.
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