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Regis18

Can oil bounce higher or breakdown further.

West Texas Oil (OANDA:WTICOUSD)  
Regis18  
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Looking at its RSI, it seems bearish. The only indicator holding oil is its 50MA, but can it still hold if it touches there again given the pattern of its RSI? Will see this coming days.
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