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From : Commodities Daily Hotline: 27 June 2016
Chart of the day: Uptrend for Crude pauses...

 

The uptrend for the Crude instrument has indeed paused.  Friday's fall through 49 automatically generated a bearish P&F Breakout signal on the automated scanner.  However, we would point out that prior support at the 'Trough' Key Day Reversal low of 17 June; near both the 50 and 200-day, is close by.  Should that area fail to provide a lift, next chart support is at the May floor at 44.






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