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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 21 December 2015 WTI Crude January contract WTI Crude February first resistance at 3640/45 but above here, stronger resistance at 3690/99 could hold a rally. Shorts need stops above 3735 with a break higher to target an excellent selling opportunity at 3765/75. The February contract low for the bear trend is 3556. A break lower is obviously negative & targets 3510/05. If we continue lower look for 3465/60 then important trend line support at 3405/00.

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