September 28, 2012

CRUDE Oil support and Resistance

DAILY CHART
 4 HOUR CHART
  • Daily chart of crude oil shows price bouncing from 100 Day SMA.
  • 4 Hour chart shows possible resistance line and 50 period SMA which may act as resistance for the above mentioned bounce. For a larger up move price has take takeout these two resistance levels.
  • ES SUPPORT LEVELS
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