The rally from 42 usd to 52 usd probably going under correction, I suspect so, Any case trade the suport and resistances that are drawn horizontal red line, I am bearish right now, 47 support is crucial for bulls
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CRUDE OIL ONCE AGAIN TESTING HIGHS, PRIZE IS CAPPED BY 52 DOLLAR WITH A LONG TERM TREND LINE EXTENDING FROM 62 DOLLARS!!!
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Though oil managed to rebound from 49.22 ,I am still weary of breaking the highs, If it does then oil may break higher to 55 dollar,so then the pattern gets invalid