Articles
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Crude Oil : Corrective Rally Underway
Crude oil is at the lows, but we do not see any strong bearish momentum so we assume that despite recent leg down wave (iv) can still be unfolding. Ideally energy will form an expanded flat correction, so traders must then be aware of a new turn up from around $35 on February contract of 2016. Ideal resistance zone for crude oil remains around $40 per barrel where we would look for a new important sell-off.
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