According to the 8 hour chart, Crude Oil price will rise in the medium long term, if it breaks out of range at 47 level. The MACD is also a confirmation that this commodity will rise.
The daily chart indicates also a price increase. US Crude Oil might go up to 51 level where is Fibo 50 on the daily chart.
(1 votes, average: 5.00 out of 5)
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