January 20, 2012

CRUDE OIL Testing 50 Day SMA

  • CRUDE Oil Testing 50 Day SMA and the up trend line.
  • Daily candle closing below these levels may result in good correction for crude oil.
  • If price gets support here then Crude oil may move above 102 levels.
  • Price contraction shown in four hour chart too can give good direction once it is resolved.

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