Chart: Oil uptrend breakout

By hellenicshippingnews The NYMEX oil price remains bullish and could be headed for $63, technical analysis shows. It's developed a double bottom pattern near $45 as the downtrend consolidation developed. When the height of the double bottom is measured, this value is projected above the peak of the double bottom pattern near $53. This pattern […]

Published July 1, 2015

By LizOutLoud

By hellenicshippingnews The NYMEX oil price remains bullish and could be headed for $63, technical analysis shows. It's developed a double bottom pattern near $45 as the downtrend consolidation developed. When the height of the double bottom is measured, this value is projected above the peak of the double bottom pattern near $53. This pattern is also ... Read full story ›

Source:: Hellenic shipping news Oil

      

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