September 26, 2012

CRUDE OIL Range breakdown

 
  • CRUDE Oil 4 Hour chart shows range breakdown.
  • Daily chart shows price seeking support at 100 Day SMA. Bulls of CL need this level to be held for a possible up move. Breakdown below 100 SMA could lead to 86 - 87 levels.
  • For a bigger breakdown Day has to close below the cloud which might trigger a bigger correction.
  • SPX ANALYSIS AFTER CLOSE
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