July 27, 2016

CRUDE Oil nearing 200 SMA

  • Crude oil 4 hour chart shows as if price is walking down  a stair. Good looking pattern if you're a crude oil bear.
  • No strength in price which may return only if the 200 Day SMA is held. Bigger weakness in crude oil if 200 SMA is not held on closing basis.
  • APPLE RESISTANCE LINE AND 200 SMA
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