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Oil Analysis 1 ,may 2015
Source: ACFX Forex Broker
The intraday technical outlook
Thursday Oil continued to trade higher.
I am this morning monitoring the price action for a test of the 60.00 level
Alternatively a failure to sustain higher prices could see Oil test the 59.00 support level.
From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 58.50 level.
Oil Chart
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