My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 4, 2012
Falling Wedge of CRUDE OIL
Crude oil daily chart shows a possible falling wedge pattern. But with price closing below 100 Day SMA the chances of this pattern working well for bulls is low.
Daily closing back above 100 SMA shall give good gains for bulls.
For bears a break below 86.90 should give 84 levels.
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