August 1, 2016

CRUDE Oil violates 200 SMA

  • Crude oil Daily violates 200 Day SMA. Bigger weakness only if Daily candle sustains and closes below this moving average.
  • 4 Hour chart shows the trending down move. Price continues to create new lows in hourly time frames.
  • The bearish PIN BAR Formed few weeks back looks so good now.

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