August 11, 2011

CRUDE OIL Moving Up

  • Weekly chart of crude oil shows good recovery from 75 levels.
  • Price staying above 82.88 will be safe to stay long.
  • Targets for this up move are 86, 88 and 90 Levels.
  • Price falling below 82.88 will favor bears of crude oil again.
  • GOLD CHANNEL BREAKDOWN

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