back movement is more pronounced
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Quoting karakoyunlarDislikedThe pair is still in an uptrend and long investors do control ( red lines ) the market. The upside targets are :
T1: 1.9045 0.61 retracement of last downtrend
T2: 1.9100 weekly resistance 1
1.8930 now plays as a support line.Ignored
Quoting karakoyunlarDislikedThe January 2007 light sweet oil future try to break the short investors (red lines ) control. After breakout the targets are :
T1: 59.21 weekly pivot
T2: 60.05 0.61 retracement of last descent
T3: 60.60 weekly resistance 1Ignored