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powerintegral
Jan 11, 2016 11:29 PM

Crude oil near important supports area (between $33 and $27.65) Long

Crude Oil FuturesNYMEX

Description

Crude is reaching important Fibonacci projections, at important graphical support. USDCAD near key resistance around 1.4250 while copper is at important monthly support on trendline linking the lows near $1.95/$2.00.

The whole commodity complex seems due for at least an important rebound, at least the risk/reward is starting to be interesting.
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