April 30, 2015

CRUDE Oil Bullish price action

 
  • Crude oil 4 Hour chart shows bullish price action. No weakness seen yet in this time frame.
  • Weekly chart too is looking good for crude oil bulls. week candle managed to move above 23.6% fib level. Crude bulls need a weekly close above this level to extend gains.
  • Next hope for crude oil bears is the 200 Day SMA.
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