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Author: Michael Shah

The current Crude Oil Swing Chart Technical Forecast

A sustained move under $53.61 will signal the presence of sellers which indicates a bull trap. This can trigger a labored break with potential targets coming in at $52.40, $51.29 and $50.66. If $50.66 fails as support then look for the selling to extend to the main retracement zone at $50.28 to $48.83. A sustained…

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The current Crude Oil Swing Chart Technical Forecast

A sustained move under $53.61 will signal the existence of sellers revealing a bull trap. This will likely trigger a labored break with potential targets weighing $52.40, $51.29 and $50.66. If $50.66 fails as support then look for the selling to extend into the main retracement zone at $50.28 to $48.83. A sustained make room…

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Todays Crude Oil Swing Chart Technical Forecast

A sustained move under $53.61 will signal the presence of sellers showing a bull trap. This can trigger a labored break with potential targets coming in at $52.40, $51.29 and $50.66. If $50.66 fails as support discover the supplying extend into the main retracement zone at $50.28 to $48.83. A sustained make room $54.00 will…

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