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| Technical Outlook For Oil 23-6-2015 |
Oil moved yesterday in the average movement of 136 cents, its highest level at 60.57 and the lowest price at 59.20 and closed at 60.15 to Gain 78 cents during yesterday’s trading.
Oil opened today's trading Volatile between 59.95 and 60.35 in trading range 40 pips during the Asian session trading, and in the European session the oil went up to 59.85
Oil moves in a series of up Impulse waves after breaking the continually price form.
It is expected that the oil is heading targeting 60.90 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the the economic data from USA
Support levels: 59.37 and 58.60 and 58.00
Resistance levels: 60.74 and 61.34 and 62.11
For More Technical Outlook FxStations
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