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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 06 January 2016 WTI Crude February contract WTI Crude now oversold short term with first resistance at 3635/39 but above here targets resistance at 3675/80. We should struggle here today but if we continue higher look for a selling opportunity at 3700/05. Shorts need stops above 3740. Just be aware that a break higher could target 3780/85. We are travelling mostly sideways to lower over the past 2 weeks. Failure to beat first resistance at 3635/39 targets 3605 then 3575. If we

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