April 25, 2015

CRUDE Oil weekend update

  • Crude oil 4 Hour Cloud is crucial support level. Sustaining above the cloud the bullish momentum is likely to continue.
  • Last chart shows the rising support line in daily time frame. Staying above the trend line price is likely to hit the 200 Day SMA.
  • Immediate resistance is at 23.6% Fib level. Price is pausing at this level. Bulls need to stay above this level to sustain the up move.
  • GOLD Weekend update: CLICK Here

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