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18.05.201807:02 Forex Analysis & Reviews: Technical analysis of Crude Oil for May 18, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 18.05.2018 analysis

On the 4 hour charts, we can see the bias from the Crude Oil still in Bullish condition, and more interesting, we've found the Ascending Triangle continuation pattern at #CL, but in a few days, there is a possibility of correction but as long as they do not break and close bellow the 70.25 level, there is high possibility that the Crude Oil will try to test the 73.50 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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