26 July 2018, Thursday, 8.39am Singapore Time
(Click on Technical Chart above to Expand)
Attached is the technicals for Light Crude Oil. The classical resistance in orange at $66.00 has been backtested and confirmed for long term upmove. The series of red circled regions and green circled regions show how the resistance has been turned into a support of strength. The black trend line band is guiding the general big bull of the crude oil market.
【Next Light Crude Oil targets (WTIC Oil): $77.50 and $80.00 respectively.】
【Next Light Crude Oil targets (WTIC Oil): $77.50 and $80.00 respectively.】
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