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FXHighway
Jan 10, 2019 5:49 AM

Crude oil goes north Long

WTI CRUDE OILTVC

Description

Target: 55.34
Risk: 50.25

Technical reasons:
Crude oil price surpassed key resistance levels, the last one is 50.25, to move upwards and achieves expected gains.

The next target at 55.34, while breaking 50.25 will put the price under the negative pressure again.
Comments
Tara
I think it has to pullback to 50 range to continue its upward momentum. Thanks for the chart!
FXHighway
@Tara, Good point, we'll consider that and monitor the upcoming move together.
Thanks for your kind comment and note.
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