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Oil Finding Some Interim Sellers

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Oil Finding Some Interim Sellers After the break of the Falling Wedge pattern, we had 2 relatively strong weeks where the market pushed higher however last week the market topped out at 41.90 and closed back inside the range of the previous week. This setup is also know as a "Swing Rebound"which is technically a sign of at least a short term reversal in price action which has actually followed through this week with oil down on th week and trading below 38.39. With oil now losing some

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