January 3, 2017

CRUDE Oil false breakout

  • False breakout usually gives fast result on the opposite side that's what happened here.
  • Now 52.10 levels and 100 SMA are crucial. Price is already below 100 SMA. If 52.10 is not held then bigger correction is possible.
  • Staying above 52.10 and moving above 100 SMA can avoid a bigger fall.
  • GOLD Support levels
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