December 30, 2011

CRUDE OIL Hour chart Analysis

  • Crude Oil hourly chart with 50 Hour SMA and Ichimoku cloud.
  • Hourly cloud is acting as resistance. 
  • Violating of the levels shown in 2nd chart may give good moves in crude oil.
  • MCX Crude Oil chart below this post
  • POSSIBLE DEATH CROSS OF GOLD

  • Important support band for bulls to hold on closing basis is 5259 - 5290 level.

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