Stock Market Chart Analysis
My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 20, 2011
Bearish Candle of CRUDE OIL
Crude Oil Weekly chart shows a bearish candlestick at the broken channel's support line which is expected to act as stiff resistance.
Trend line shown in 4 Hour chart has broken. Staying below 97 and 94 will be bearish for crude oil in the short term.
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