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XOM – approaching a price line that has been previously tested numerous times in the past

The price of XOM in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

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We expect a 40 pip movement on USDCHF within 12 hours following the event release.

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US Oil is approaching a support line of a Channel Down. It has touched this line numerous times in the last 8 days.

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