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Crude oil falls tests 95.00 level

FXstreet.com (Barcelona) - Crude oil has experienced a tumultuous fall after multiple failed attempts at the 97.00 level Wednesday. With the publication of some lackluster US economic data, including a notable lower-than-expected ADP employment figures, crude broke below above the 96.00 level to test the USD $95.00/bbl barrier in these moments. In particular, the recent negative price action suggests crude oil could be in the process of forming a top, as rsi are showing holding negative.

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