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1 _% Q8 P- i6 D+ r1 JDaily Chart - Created Using FXCM Marketscope ! \2 {* R% h1 a) y6 X" F7 C/ C0 W4 x- I+ M2 h0 k; ?; A
CRUDE OIL TECHNICAL ANALYSIS - Prices pushed higher following a prolonged period of consolidation after bottoming as expected above the $45.00/barrel figure. A daily close above the 23.6% Fibonacci retracement at 53.77 exposes the 38.2% level at 59.08. Alternatively, a reversal below the 14.6% Fib at 50.49 targets the 14.6% Fib expansion at 47.07.