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Technician
Jan 8, 2015 3:17 AM

Watch This Level #OIL Monthly | #FOREX 

Crude Oil (WTI)FXCM

Description

The next major Monthly (Long term) support level to watch for the WTI Crude Oil.
Watch for a rebound near this area

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Technician
Comments
OzkOzn
thanks, if it doesnt stop and reverse in this area, i think target will be 38.80
dee.merye
this explains the upside despite fundamentals saying it should go lower. Similar trend with Brent but the brent's price has closed under the trend line.
RobTaylorForex
Any Idea what is wrong with the daily chart?? I used this chart just to compare with some of mine as when I switch to Daily, your trendline is well above the current price, however, on 1h, 2h, 4h, weekly, monthly, it is in the proper place, where it is now. Its very odd as the the lines match up perfectly on daily as well, I have no idea what is happening.
Technician
Make sure ur using the right scaling, right click the right hand side price bar
Ice_
I wonder what happens if it breaks.
bronx-trader
not bad......good job
LastBattle
gonna be a rough chop for the next few weeks
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