January 25, 2012

CRUDE OIL Fibonacci levels

  • Daily fibonacci levels important low made at 38.2% Fib level. Price breaking 23.6% level may retest that support level again.
  • Weekly fib levels shows Crude oil unable to breakout above Golden ratio. Price if continue to get resisted here will result in good correction.
  • Golden ratio is also the neck line of a possible inverted head and shoulders pattern.
  • RESISTANCE LINE OF APPLE

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