July 23, 2016

Crude oil chart update

  • Crude oil daily chart shows price violating 100 SMA again. Crude bears need a daily close below 100 SMA For bigger falls to follow.
  • 4 Hour chart shows a possible support line. If that is not held quicker falls are likely to be seen. If price bounces then crude bears may not get that daily close below 100 SMA.

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