Oil Forecast

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D1 - Price has reached a strong resistance zone formed by the psychological level 45 and 200 moving averages. Bearish divergence.

Until the strong resistance zone holds we may expect corrections to happen here.

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The price moved lower exactly as I expected it to and provided an excellent move to the downside!
Bearish PatternsbearishdivergencecorrectionforecastOilpsychologicalroundnumberSELLSupport and ResistanceTrend Analysis

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