May 1, 2013

CRUDE Oil chart update

  • Crude oil testing 200 Hour SMA. Hourly close below this level may weaken crude oil bulls further.
  • For Crude oil bulls there is hope in Four hour Ichimoku cloud and crucial Fib levels for a bounce. 
  • For an extended fall price must break the cloud shown in 4 Hour time frame.

No comments:

Post a Comment