Commodities Analysis & Opinion

Crude Oil: Head and Shoulders Risk Persists

 

DX
-0.05%

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CL
-1.63%

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1:500
1:1000

Commission:


 

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Last evening’s late rally Crude Oil avoided the daily head and shoulders formation. However, there are no convincing signs of bullishness at this stage. A weak USD did not help CL either.

Crude Oil 60-Min Chart

Source

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