My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 28, 2016
Crude oil trend update
Crude oil one hour and 4 hour charts shows bears in control. Daily chart shows price nearing 200 SMA. Price likely to test 200 SMA before bigger reversal can happen. Bounce in hour charts likely to be small if it happens before price hits 200 SMA.