December 7, 2011

CRUDE OIL Channel and Moving average update

  • Crude oil Channel in daily chart is pausing near the resistance band of 102 - 104.60.
  • Price is still above 200 and 20 Day Moving averages.
  • Weakness in crude oil on closing the day below 20 Day SMA. 
  • MCX Crude oil chart below this post

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