FX & CFD trading involves significant risk
A lack of direction is evident on the daily oil chart, while daily studies remain mixed to neutral. The break of long-term support will remain in focus as there is little other impetus to be seen. Initial support seen at $81.59, the former 23.6% Fibo level of $100.62/75.71. Next support seen at $80.28, the 23 Nov 2010 reversal low. Strong resistance seen at $86.51, the 21-DMA.
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