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Why Are Oil Prices Continuing to Fall?

Brent crude futures tumbled more than 3 percent to below $108 a barrel yesterday. We have broken through the 61.8% Fib retracement from 2012 March highs and the 50.0% line is acting as a nice support currently. Past 3 days candlestick pattern also seem to suggest that a “3 Black Crows” pattern has been formed.

CNBC has collated a few reason for greater bearish outlook:

Via: CNBC [1]

 

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marketpulsefxstaff

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