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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 16 December 2015 WTI Crude January contract WTI Crude must hold first support at 3660/70 if we are to build on gains & re-target 3720/25 then strong resistance at 3775/85. A good chance of a high for the day yet again however as we become overbought short term. Shorts need stops above 3815. Be ready to buy a break above 3800 for an added buy signal to target 3830/35 then important trend line resistance at 3890/3900. Further gains unlikely but be aware a break targets an

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