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Oil hits a new high but it's also hitting resistance

Discussion in 'Technical Analysis' started by ForexLive, Jun 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    WTI crude nears the October intraday high The oddest thing about the oil chart are the shrinking candles. As the price of crude rises, the size of the bars should rise if the same level of volatility is maintained. Instead, the moves are shrinking in absolute dollar terms and also in percentage terms.

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