- Crude oil gave a bullish weekly candle near support zone.
- Price closed the day above 20 Day SMA and may target 50 Day SMA.
- Next resistance levels are near 50 Day SMA and 38.2% Fibonacci levels.
- Earlier the up move was started after Positive Divertgence which was discussed in an earlier crude oil post.
- SPY WEEKEND UPDATE
July 1, 2012
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