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Crude oil up on the day be remains below MA resistance

Discussion in 'Technical Analysis' started by ForexLive, Aug 25, 2016.

  1. ForexLive

    ForexLive Forum Member

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    200 hour MA capping the topside Crude oil is up marginally today (up 0.45% to $46.97) and traded as high as $47.30, but has been able to remain below the 200 hour MA currently at $47.34. The testing and holding keeps the sellers more in control from that perspective.

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