The CRUDE OIL confirmed already a 99,60 overshooting this morning before turning again lower. A closing tonight at the present level will confirm a negative day reversal!!
The indicators of the daily chart are still well positive but now they show a little overbought conditions and however potential negative reversals. We expect therefore the upside to be limited. The indicators of the s/t charts are mixed at the moment suggesting some consolidation/ correction.
Possible pressure should find support at 98,00 before the support line at 97,10!
We wait for a possible 100 overshooting to go short.
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FUTURE TREND RESEARCH