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15 Sept 2014 Light Crude Oil Analysis

15 Sept 2014 Light Crude Oil Analysis

CLV, Light Crude Oil, Crude Oil, Oil, Commodities, Commodity, technical analysis, projection, price projection Light Crude Oil has broken the low of 2014 and is trading near the low of April 2013

CLV, Light Crude Oil, Crude Oil, Oil, Commodities, Commodity, technical analysis, projection, price projection The low of 92.2 was attained in January this year

CLV, Light Crude Oil, Crude Oil, Oil, Commodities, Commodity, technical analysis, projection, price projection Price rebounds off 90.6 and stays below 93.59

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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.

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