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This Commodity Has Fallen to Multiyear Lows 

Last Updated: July 25, 2019

By Rayner Teo


This is the monthly chart of Crude Oil. It has fallen 5 months in a row and recently broke the support at 89.


On weekly we see a steep parabolic move towards the downside with no end in sight.


On daily we notice that price tends to bounce off the 20 EMA.

Traders can consider shorting on pullback or look to trade breakout to the downside.

Good Trading!

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