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Saturday, July 26, 2014

Oil Forms Hammer Off Support, 200 EMA



InformedTrades http://ift.tt/1poxYaZ
Interesting price action on oil, which has retreated a bit this weak in spite of the rise in geopolitical tension. Price has pulled back to a 61.8% Fibonacci retracement from swing low to swing high, is bouncing off support and the 200 EMA, and formed a hammer on its most recent candle. Time to go long?






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