June 4, 2012

The channel of Crude oil



  • Crude oil four hour chart continue to fall in a descending channel.
  • Price is hitting the support line which may result in a small bounce. A complete reversal may not happen.
  • Cloud of four hour is a major resistance zone.
  • Hour chart may turn positive above 50 Hour SMA.
  • COPPER WEEKLY SUPPORT LEVEL


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