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| Technical Analysis for Oil 26-6-2015 |
Oil moved yesterday in the average movement of 185 cents, its highest level at 61.41 and the lowest price at 60.97 and closed at 61.38 to Gain 90 cents during yesterday’s trading.
Oil opened today's trading Volatile between 60.96 and 61.18 in trading range 22 pips during the Asian session trading, and in the European session the oil went up to 61.41
Oil moves in a series of up Impulse waves after breaking the continually price form.
We saw yesterday the oil achieves our target at 60.90
It is expected that the oil is heading targeting 61.50 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the the economic data from USA
Support levels: 61.09 and 60.81 and 60.65
Resistance levels: 61.53 and 61.69 and 61.97
For More Technical Outlook FxStations
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