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Oil Technical Analysis September 26, 2011

posted by Avatar FXEmpire 608 days ago in Technical, Daily, Oil

CL fell on Friday, and even pierced the $80 level. The market has been acting very weak, and this retest wasn’t overly surprising. The level has been supportive in the past, and it is a large psychological number as well. The market formed a hammer, and this shows that perhaps support could come into the market at this point. If it does, we think i
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