September 6, 2013

CRUDE Oil resistance levels

  • Crude oil 4 hour chart shows price trading above the crucial resistance zone near 108. Next resistance level is at 112.21 levels.
  • Fibonacci levels shows price near 78.6% Fib level. If this level fails to stop crude oil bulls then 112 levels are possible.
  • Weekly candle is trying to make a bullish close above 110.54.

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