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Beirut 01:37 pm Paris 01:37 pm New York 07:37 am
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CRUDE OIL January 22, 2016

RSI shows oversold sign, but we will ignore now, as oil trades below 161.8% Fibonacci at 29.65, which could send prices lower.

Support: 27.65 – 27.00 – 26.00

Resistance: 28.10 – 29.00 – 29.65

Direction: Bearish