May 24, 2014

CRUDE Oil Nearing resistance zone

 
  • Crude oil daily chart shows price nearing the crucial resistance zone near 105 levels. Two chances here either a Triple top or a breakout towards 108-110 levels.
  • Weakness only if price starts to trade below 103 levels.
  • A consolidation range at the resistance zone may also give hope for Crude oil bears for a possible reversal.
  • GOLD TRIANGLE UPDATE
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