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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 10 March 2016 WTI Crude April contract WTI Crude first resistance at 2 day highs at 3840/50 but there is strong resistance longer term from 3875 up to November lows at 3899. We then run in to strong Fibonacci resistance again at 3960/65. Many challenges for bulls in severely on conditions. Only a close above 3900 would be more positive before the weekend. Failure to beat 3840/50 targets 3740/35. If we continue lower look for minor support at 3665/60 but further losses test

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