February 28, 2012

CRUDE OIL trend update

  • Crude oil in four hour time frame is getting support from cloud and 100 period SMA. Above these two levels the up trend will be intact.
  • daily staying above 10 Day EMA will not give bigger corrections. Price falling below 10 Day EMA may give a correction. If the fall  is limited price will give a breakout above the recent high's and move above 111 levels.

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