November 4, 2016

CRUDE Oil trend update

  • Hourly cloud shows price trending below it from 50 levels. Now price is approaching the 200 Day SMA. More weakness if this level is not held.
  • Weekly chart earlier got rejected at the 50 , 51 , 52 zone. A Bigger bullish pattern is stopped for now.
  • S&P 500 Analysis after closing bell
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