March 2, 2011

CRUDE OIL Hits the Golden Ratio

  • Crude oil weekly chart with the fall from 147.90 to 33.19 levels.
  • Price has retraced till the Golden ratio(61.8%).
  • For price to move up it should break this level. 78.6% is at 123 levels. 
  • Price should sustain above 61.8% for moving towards 123 levels. Getting resisted here will be negative for Crude Oil.
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1 comment:

  1. StockMarch 3, 2011 at 12:59 AM

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