January 24, 2011

Crude Oil Close to weekly support line

  • Crude oil is trading close to its weekly trend line in daily chart.
  • Price is also trading at the lower end of a multi week range in which crude is trading.
  • Breakdown and close below this range or trend line will be negative for crude.
  • Getting support at the trend line means crude will continue this range.
  • APPLE GETS CLOUD SUPPORT

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