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6th December 2009, 08:32
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600 Pips Flag at Crude Oil
A Flag pattern at the Crude Oil indicates the high likelihood of continuation of the bullish trend at the Oil. The Flag is a strong continuation pattern that leads to a breakout upwards in a high probability. It can also be confirmed using the exact 23.6 Fibonacci Retracement that also indicates a continuation of the bullish trend.
These signs show that the Oil is about to break upwards and continue the uptrend - in high probability. 
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