April 16, 2012

CRUDE Oil Trend update


  • Crude oil daily chart looks bearish as it stays below 20 and 50 Day SMA.
  • But weekly chart is at a crucial support level. 20 Week SMA has given good support when price fell onto it last time. Week candle has given a Doji like formation at 20 Week SMA. If price stays above this line crude oil may turn up again.
  • SILVER SUPPORT AND RESISTANCE LEVELS


No comments:

Post a Comment