My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 19, 2016
CRUDE Oil chart analysis
Crude oil daily chart shows price above 200 SMA. Crude bulls should sustain above 42 levels for bigger up moves to follow. Weakness returns if price falls back below 39 levels and 200 SMA. Month chart shows possible target of 47 in the short term if price stays above 42 levels.