Crude oil is still stable below the previously broken descending channel
support turning to resistance now at 83.45, while Linear Regression
Indicators are still providing negative signals that support extending
the bearish bias in the coming period. Hence, the downside move remains
valid targeting next 80.00 and extends to 77.20.
Support: 82.40, 81.90, 81.20, 80.00, 79.15
Resistance: 83.00, 83.45, 83.95, 84.90, 85.45
Recommendation Negative expectations below 83.45, risk-limit above 85.45.
Support: 82.40, 81.90, 81.20, 80.00, 79.15
Resistance: 83.00, 83.45, 83.95, 84.90, 85.45
Recommendation Negative expectations below 83.45, risk-limit above 85.45.
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