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Crude oil's rally continued last week and outlook is unchanged. Current rise is expected to extend to 61.8% retracement of 62.58 to 26.05 at 48.63 next. Nonetheless, break of 43.03 support will indicate short term topping and bring deeper pull back, to 55 days EMA (now at 40.28).


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2016051432905/
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