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Will Crude Oil Test Barrier of $40?
June 15, 2017, 10:10 AMOn Wednesday, crude oil moved sharply lower after the EIA weekly report showed an unexpected large build in gasoline inventories. As a result, light crude lost 3.72% and dropped under important support. Will these negative factors push the black gold lower in the coming days?
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Oil Bears vs. Support Line #2
June 12, 2017, 10:16 AMOn Friday, crude oil gained 0.42% and closed another day above the lower border of the declining trend channel. Will we see higher prices of the black gold in the coming days?
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Oil Bears vs. Support Line
June 9, 2017, 10:15 AMOn Thursday, crude oil wavered between small gains and losses, but finally closed the day 0.17% lower. What’s next for the black gold?
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Crude Oil – Important Level to Watch
June 8, 2017, 7:42 AMOn Wednesday, the black gold oil lost 5.13% after the EIA showed an unexpected rise in crude oil inventories. Thanks to this sharp decline, light crude dropped under the 61.8% Fibonacci retracement, which opened the way to lower levels. How low could the commodity go in the coming days?
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Crude Oil’s Rebound and Its “Implications”
June 7, 2017, 5:48 AMOn Tuesday, crude oil bounced off the 61.8% Fibonacci retracement and moved little higher in the following hours, but did this increase change anything in the short-term picture of the black gold?
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