Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 1, 2012
CRUDE OIL Weekly chart analysis
CRUDE OIL continue to fall. Price has violated the weekly trend line. Price is testing 78.6% Fibonacci level. Weekly candle closing below this level will further strengthen bears of crude oil.
Next crucial support levels in weekly chart are 79 - 80 and 74 - 75.
78.6% Fib level may act as support.
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