May 18, 2015

CRUDE Oil update

  • Crude oil bulls making another attempt to close above 200 SMA, Previous 2 attempts failed.
  • 4 Hour chart shows crucial support zone. Crude bears need to close below this support zone and 20 Day SMA For bigger correction to happen.
  • For now though price is stuck between 200 and 20 SMA's. Daily close outside this range may give bigger moves for crude oil.

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