Stock Market Chart Analysis
My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 18, 2016
CRUDE Oil support and resistance levels
Crude oil Month chart shows price hanging around Multi - Year lows. Bigger weakness only if price breaks below the recent low of 26.06. Minor strength above 32.40.
Immediate resistance at 50 Day SMA. Daily close above 50 SMA may add strength for bulls. Immediate support at 1 Hour cloud.
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