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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 07 March 2016 WTI Crude April contract WTI Crude bulls are clearly in control but we are now running in to a lot of resistance at 3670/3720 after a 40% recovery from the $26 lows. Too risky to run longs any further & worth trying shorts in the longer term bear trend. Only a daily close above 3750 signals the next leg higher in the recovery. We should get in to the 3670/3720 area before we turn lower so any dips today should meet buyers but below 3600 risks a slide to first

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