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Stochastic is also pointing down to signal that selling pressure is in play while RSI has more room to fall and take crude oil along with it. Nigerian economy signals recovery, as oil price, forex supply.

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COT Signals Andy Waldock Trading On the fundamental side of thing, if we see a surge in crude inventories more than expected, it signals weaker demand and a decline for crude oil prices. Conversely, if we get a less than expected increase, this would mean greater demand and a.
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Crude oil prices may stay bid ahead of the next OPEC meeting on November 30 as Relative Strength IndexRSI) pushes into overbought territory for. Crude Oil Still Bullish Bias, Daily 20 ema Rejection Forming a series of higher lows on the daily charts while holding the upside 104.

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There was a large weekly gap to the down side, followed by a nice 4 hour price action reversal signal. Canadian dollar bulls, on their back foot for much of the past two months, may be about to catch a break from the rebound in oil. The OPEC agreed to extend its output deal until. India Crude oil gains after Saudi oil minister held talks with counterparts over the possibility of extending the supply cut agreementOIL.

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