May 23, 2012

CRUDE OIL Weekly trend line


  • Crude oil four hour chart shows price trending down in a channel below the ichimoku cloud.
  • Daily chart shows price moving towards the golden ratio.
  • Weekly chart shows a long term trend line which might get tested if price continue to sustain below 100 Week SMA. This trend line is near 85 - 86 levels for the current week and next.
  • S&P 500 MONTHLY CHART

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