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Tuesday, January 21, 2014

Nymex Crude Oil Update - 21 Jan 2014

United Nations withdraws Iran invitation to save Syria peace talks, has made way for stick sandwich pattern / candle formation & kicker signals which suggest The Bears are forced to cover short positions upon seeing new buying strength coming into the market.

The Kicker Signal demonstrates a dramatic change in investor sentiment. And that sentiment as of Current scenario is "Iran Invitation Withdrawl" 

Trader's shouldn't get carried away because Monthly Trend is Still Firm Bearish. 

Trading Levels Levels 

A break above 95.20 Suggests up move till 97.10 Levels however Downside Target active @ 90.82 - 89.96 - 87.10 below 93.30 - 93

Now @ 94.88

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