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  1. Crude Oil Trying to Make Good on Bullish Chart Setup , US Dollar Positioning Warns of Downside Reversal Risk

    by , 02-09-2015 at 08:52 PM
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    US DOLLAR TECHNICAL ANALYSIS – Prices may be readying to turn lower after producing a bearish Evening Star candlestick pattern. A daily close below the intersection of the 14.6% Fibonacci retracement and a rising trend line at 11734 exposes the 23.6% level at 11648. Alternatively, a reversal above the 11854-88 area marked by the March 2009 high and the 38.2% level opens the door for a challenge of the 50% Fib at 11983.

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