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Crude Oil Weekly Forecast

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by , 09-25-2022 at 06:48 PM (169 Views)
      
   
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Technical analysis shows brent crude possibly in for further downside as $90 looks to trade support for resistance. The daily price is in oversold market condition and located below 200 SMA in the bearish area of the chart: the price is breaking support level at 87 to below for the bearish trend to be continuing. Alternatively, the price will be on secondary ranging within the s/r levels.

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