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Technical analysis of crude oil for July 18, 2018

analytics5b4ed5f905462.jpg

As seen on the daily chart, crude oil is still moving in the upward sloping channel, but now it has a correction to test the level 66.64. Unless the price breaks out and closes bellow 61.90, there is higher probability for #CL to go up again at least to the MA 21.

The material has been provided by InstaForex Company - www.instaforex.com