Light Crude Oil continues its slide as it breaks the year’s low and attained the price last seen in April 2013. Staying above technical support of 90.7 we can still see the price form a high low towards the 108 moving average at 93.59 before resuming its downtrend. The lower high has marginally been reduced and a clear break higher from 92.34 may be the initial signs of a reverse of the trend on the H4 time frame.
15 Sept 2014 Light Crude Oil Analysis
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