The US data pushed the oil price to $84. The oil prices are verging on symmetric triangle in the weekly and monthly chart. In case the price closes below the bottom of the triangle or the level of 84, the new large bearish wave would generate. Earlier, we recommended to sell on every rise in September 05, 2014 article for a down side target 88,81-80 levels recorded at 94.50 levels. A break below 84.06 the prices would extend its fall to 83.65, 82.10 in the near term. We recommend again to sell on every up move or sell below 84.0. The long term view indicates strong bearish targets aiming for 77.00 June 2012 low, 71.50 multi month low and 69.50 200Msma.
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