Crude Oil Technical Preview for 27th January

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Next stop for Crude Oil: $41.50 Last few week's price action in Crude Oil gave a glimmer of hope but failure to close above $49.69 saw Crude oil futures turn lower albeit still near the previous lows of $44.76. A break below this low, which previously saw a bounce back to as high as $50 will see Crude Oil futures decline even lower, sliding towards $41.50. Fundamentally, there have been no n...

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