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Crude oil dipped to 26.05 last week but recovered quickly since then. The development suggests that consolidation pattern from 26.19 is still in progress and another rise would be seen. But still, strong resistance should be seen from 38.9 to limit upside and bring down trend resumption. Firm break of 26.05 will confirm this bearish case.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2016021432337/
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