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  1. Crude Oil Technical Analysis: bear market rally with possible intra-day bullish reversal

    by , 01-22-2016 at 10:38 AM
    Intra-day price is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) in the primary bearish area of the chart. The price was on the bearish breakdown ansd it was stopped by 27.06 support level for the bouncing to be started: the price is on the local uptrend as the bear market rally by the symmetric triangle pattern to be broken to above for the rally to be continuing. The price is located within the following support/resistance levels:

    • 32.32 resistance level
    ...