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Crude Oil: Loses Upside Steam, Eyes Downside Pressure

From fxtechstrategy.com

CRUDE OIL: With Crude Oil’s strength cut short at the 102.64 during Wednesday trading, its faces downside risk in the days ahead. On the downside, support lies at the 101.15 level where a violation will turn focus to the 100.00 level. A cut through here will pave the way for a run at the 99.00 level where a breach will aim at the 98.00 level. Further down, support comes in at the 97.00 level with a push below that level exposing the 96.00 level. On the upside, resistance resides at the 102.64 level. A break will aim at the 102.94 level followed by the 103.00 level and then the 104.98 level. We may see a price halt ... (full story)

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