June 22, 2012

CRUDE Oil Update

  • Crude oil weekly support at 74 - 75 level.
  • Weekly chart forming a bearish M in chart or a Double top pattern which will be effective on closing below 74 levels.
  • Death cross of crude oil too continue to do well for bears of CL.
  • S&P 500 ANALYSIS AFTER CLOSING BELL


By at

1 comment:

  1. FireJune 23, 2012 at 10:42 PM

    @San,

    Excellent charts as usual. Now if the second fall equals to the first one, does that coincide with some swing low or other major support?

    Would be very helpful to know.

    ReplyDelete

Subscribe to: Post Comments (Atom)