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  1. Pattern Analysis for US Dollar, S&P500, Gold and grude Oil - Crude Oil Poised to Renew Selloff After Chart Support Break

    by , 11-14-2014 at 10:34 PM
    US DOLLAR TECHNICAL ANALYSIS – Prices may be gearing up for a turn lower after prices produced a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 11246, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23.6% level at 11211. Alternatively, a reversal above the 50% Fib expansion at 11295 clears the way for a test of the 61.8% Fib threshold at 11329.

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