Stock Market Chart Analysis
My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 23, 2016
CRUDE Oil chart update
Crude oil bulls need to close above 200 Day SMA to extend this up move. Daily also shows price at golden ratio.
Weekly cloud looks like a stronger resistance. Even if price manage to stay above 200 SMA a bigger reversal may not be possible because of the weekly cloud.
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