September 24, 2012

CRUDE Oil Update

DAILY CHARTS
 
4 HOUR CHART
  • Sustaining below 50 Day SMA should continue to favor bears of crude oil.
  • Crucial support and resistance levels shown in 2nd chart.
  • Last chart is of 4 Hour time frame which shows price near crucial level of 90.96. Trading above the 20 Period SMA may give a bounce in favor of crude oil bulls.
  • BEAR FLAG OF COCA COLA
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