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hankchef
Jun 20, 2016 4:40 AM

oil: watch the monthly long term support 

Crude Oil (WTI)FXCM

Description

Retest and continue down?
Or break up and retest high?

Comment

bearish

Comment

It takes long way to go to break the long term resistance. Touching 50 will trigger massive shorts.

Comment

Once again, we are here at the monthly resistance, may hit 51.64 and break it, but who knows it's a real break or not? Prepare to load short around here
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