January 17, 2016

CRUDE Oil Weekend update


  • Crude oil month chart shows price moving below crucial support and resistance zone between 32 and 40.
  • Crucial Lows made between the Year 2000 and Now are 10, 16 and 24 as shown in chart 2.
  • Structure of price continues to favour bears of crude oil as shown in Daily time frame.
  • One hour chart too favours bears as price stays below Hourly cloud.
  • S&P 500 MONTHLY BEARISH CROSS
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