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CRUDE OIL Bull Pressure Sets For The 43.19/42.56 Zone

This is our latest outlook on Crude Oil. The commodity extended its weakness on Friday to close the week lower. It also reversed most of its previous week gains. This has turned risk to the 43.19 zone

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CRUDE OIL Bull Pressure Sets For The 43.19/42.56 Zone

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  1. Gives You A Trading Decision Edge Commodity Technical Strategy FXTechstrategy Saturday 07 Nov’15 Highlights: Commodity Technical Research CRUDE OIL Bull Pressure Sets For The 43.19/42.56 Zone www.fxtechstrategy.com 11/01/2015 www.fxtechstrategy.com

  2. FXTechstrategy Commodity Technical Strategy F USDCAD CRUDE OIL: The commodity extended its weakness on Friday to close the week lower. It also reversed most of its previous week gains. This development has opened the door for more weakness towards its key support at 43.19 zone. On the downside, support resides at the 42.56 level where a break will expose the 42.00 level. A cut through here will set the stage for a run at the 41.00 level. Further down, support resides at the 40.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 45.50 level. Further out, resistance resides at the 46.00 level. A break above here will aim at the 47.00 level and then the 48.00 level followed by the 49.00 level. All in all, Crude Oil remains biased to the downside with eyes on the 43.19/42.56 zone. 11/01/2015 www.fxtechstrategy.com

  3. FXTechstrategy Technical Strategy f GET STARTED with any of our Research Products & Services – All Include Trade Alerts/Ideas PRO Plan - PRO Plan is produced and delivered daily by email and covers (7 currency pairs) EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, EURGBP and EURJPY. STARTER Plan – Starter Plan covers 4 currencies which include EURUSD, GBPUSD, USDJPY and EURGBP and is produced and delivered by email every day. PREMIUM Plan – Premium Plan is a combination of PRO Plan (7 currencies) and Commodity Plan (GOLD, CRUDE OIL, SILVER, WHEAT & CORN). It is produced and delivered through email daily. COMMODITY Plan- Commodity Plan focuses on the commodity market analyzing 5 commodities every single day. The commodities covered are GOLD, CRUDE OIL, SILVER, WHEAT and CORN. TRADE ALERTS/IDEAS - Detailed technical buy/sell entries, stop losses and price targets. It comes with 2 step price/profit targets. We also have updates during the trading sessions with trade tracking and trade management. GET STARTED HERE Weekly Technical Outlook - It is produced each week with a short term outlook employing both daily & weekly charts. This technical research is intended to provide a historical, in addition to a forward-looking forecast for the current month. It covers 2 currency pairs every week 11/6/2015 3

  4. FXTechstrategy FXT Technical Strategist Plus Disclaimer f This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer 11/01/2015 www.fxtechstrategy.com

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