Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 3, 2012
CRUDE Oil Descending triangle
Crude oil four hour chart shows a descending triangle pattern with support at 86.90.
Break below 86.90 would find support at 50 Day SMA.
A bigger breakout may happen only if the 100 SMA or 50 SMA gets broken on closing basis.
Share to Twitter
Share to Facebook
Share to Pinterest
Post a Comment
Post Comments (Atom)