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US Oil keeps moving closer towards 70.2625. Will it finally breach this level?

US Oil is approaching a support line at 70.2625. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

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Supports and resistances are primary concepts of technical analysis. ETHBTC is heading for an important price of 0.0393 – read about what this could mean for the future.

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