March 8, 2011

Triangle of CRUDE OIL

  • Crude oil 30 Minutes chart  is showing a triangle shaped consolidation pattern.
  • Break of support Line can trigger a correction in crude oil.
  • Next up move will be possible only if price sustains above 106 levels. If price sustains above 106 we may see 113 levels for Crude Oil.
  • FALLING WEDGE OF US DOLLAR

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