Articles
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Crude OIL - Weekly Report 28/7/2014
WTI Oil futures are under downside pressure, testing 101.55 areas. In general, stability over daily basis above this level upholds the positive outlook and oil should breach 102.00 to confirm initially upside targets toward 104.00. We hold onto our positive outlook as far as101.55 remains intact.
Support 101.55 101.10 100.65 100.00 99.80
Resistance 102.00 102.60 102.90 103.35 104.10
Recommendation The outlook is positive above 102.00 with the risk-limit below 101.55
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