Crude Oil – 26.06.2017

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Our target has been realised on 29.06.2017

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As you may remember, our previous Crude Oil analysis had been realised within a week. Having considered that the Crude Oil prices went down to $43s, it may worth updating our analysis.

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Early last week, Crude Oil had a sharp drop to $42 level. Since then it has recovered around 3%, opening the new week around $43.35. There is a big resistance at this point though.If it can be broken, we can see $45.20 – $45.40 level.

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However if it bounces back from the resistance, we may see $42 level again. At this point our target would be $44.60.

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This cannot be considered an investment advice!