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  1. Crude Oil Technical Outlook - possible breakout with the daily bullish reversal

    by , 03-02-2016 at 09:34 AM
    Daily price is on primary bearish market condition with the local uptrend as the secondary bear market rally: the price is breaking Senkou Span line (which is the virtual border between the ranging bearish and the primary bullish trend on the daily chart) for the bullish reversal to be started. The symmetric triangle pattern was crossed to above for the possible breakout, and Absolute Strength indicator is estimating the ranging condition to be continuing.

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