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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 08 March 2016 WTI Crude April Contract WTI Crude bulls are clearly in control but must hold above short term trend line support at 3760/55 to remain in short term control. We are severely overbought, we are in a longer term bear trend & it feels like the squeeze has gone too far but until we see a sell signal we go with the short term trend. The late December/January high is 3828/39 & we should struggle here but further gains test November lows at 3899. We then run in

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