August 25, 2016

CRUDE Oil Chart analysis

  • Crude bears is trying to form a bearish Dark cloud cover pattern in weekly time frame.
  • Week closing below 46 levels can confirm bearishness.
  • For now price near crucial support resistance zone of 46.60. Sustaining below this level may extend correction. Crude bulls need to stay above this level to negate the above mentioned bearish view.

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