January 7, 2011

Falling wedge of Crude oil

  • Crude oil has been on a decline in hour chart after hitting 92 levels recently.
  • But hour chart is forming a bullish reversal pattern a falling wedge.
  • If pattern works according to the rules it can give fresh high's for crude oil.
  • Break of support line will invalidate the pattern and will be negative in the short term.
  • GOLD TRIANGLE BREAKOUT

No comments:

Post a Comment