November 10, 2011

CRUDE OIL Weekly trend line

  • Crude oil is about to test the broken support line of a channel in weekly time frame.
  • This trend line may act as stiff resistance for crude oil.
  • Daily chart is approaching Golden ratio for the fall from 114 levels.
  • So these two levels may act as stiff resistance for crude oil in the short term.
  • ES HOUR CHART ANALYSIS

No comments:

Post a Comment