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25.05.201805:18 Forex Analysis & Reviews: Technical analysis of Crude Oil for May 25, 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 25.05.2018 analysis

On the 4-hour chart, we've spotted the divergence between the Stochastic Oscillator with the crude oil price. This fact indicates there is a possibility that the Exponential 21-period Moving Average will be tested by the close as its dynamic support will try to break out and close below 70.50 and will target the next support level at 68.50 (as long as the price does not break out and closes above the 72.82 level).

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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