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Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 62.4330 – read about what this could mean for the future.

US Oil is heading towards a line of 62.4330. If this movement continues, the price of US Oil could test 62.4330 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

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We expect YM to trend downwards right now.

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After testing the support line numerous times, INTC is once again approaching this line. Can we expect a bearish trend to follow?

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