January 2, 2015

CRUDE Oil Trend update

 
  • 50 levels is crucial for crude oil as can be see in the Monthly chart. 78.6% Fib level comes around 50 levels. Daily close below this level may extend the fall. Crude oil bulls need to hold above 50 levels to stop further correction.
  • Daily and 4 Hour time frames continues to trend in favor of Crude oil bears.
  • S&P 500 FUTURES CHART ANALYSIS
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