March 22, 2015

CRUDE Oil weekend update

  • Weekly candle of Crude oil is giving some hope for the bulls of crude oil. But this one has to be confirmed by follow up price action.
  • Crude oil bull need a daily close above the cloud.
  • Daily close below the range did not happen for Bears. As the range was violated bears were unable to keep price below the support line. Now bears must hope for weakness near the Daily cloud.

No comments:

Post a Comment