Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 18, 2011
CRUDE OIL Negative Divergence
CHART-II
Negative divergence gave a good short trade in crude oil as discussed in the below chart.
CHART-I
CRUDE OIL Hour chart with MACD.
Price and macd is showing negative divergence.
So we may see some pull back in crude oil prices.
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