Update: Crude oil negativity urges caution
Economies.com
2015-03-05 18:43PM UTC
Crude oil price completed drawing a double top pattern by breaking 51.20 level at the second negative attempt, which pushes on the price to show bearish trading on the intraday time frames, as this pattern’s full target is located at 49.80.
It is important to monitor the price behavior at the rest of the day, especially the daily candlestick close according to 51.20 to detect the next track clearly.
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