The CRUDE OIL confirmed a negative closing below the 200 days line suggesting further downside risk. It failed however to confirm one below the 96,70 level!!
The indicators of the daily chart are however still positive while those of the s/t ones are mixed suggesting some consolidation/ correction. Possible therefore an extension of the move up toward the 200 hours line at 98,53 with even a possible limited overshooting. This possible move up is corrective and a selling opportunity for a drop below 95!!
We suggest remaining short for a 94 undershooting!!
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FUTURE TREND RESEARCH