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Crude Oil Continues Higher for a Second Session After The Saudi 'Statement of Stabilization'

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday's Saudi announcement coupled with this morning's geopolitical tensions have combined to goose oil prices higher for a second day (so far). What is impressive is the pattern of higher-highs and higher-lows has unfolded off of last Friday's upside reversal in the aftermath of the conclusion of a falling-wedge formation. My next upside target is $44.00-$45.00.

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