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Crude Oil Technical Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 31 March 2016 WTI Crude May contract WTI Crude sold off to quickly to first support at 3820/10 for a nice 160 tick profit. As I write we are trading just below here over night signalling further weakness to 3750/45 & minor support at 3720/10. Unwise to try longs here. If we continue lower look for 3665/60 then a buying opportunity at 3600/3590 this week. Longs need stops below 3550. Bulls need prices to hold above 3825 or they have lost short term control. Above here

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