March 2, 2011

CRUDE OIL Hits the Golden Ratio

  • Crude oil weekly chart with the fall from 147.90 to 33.19 levels.
  • Price has retraced till the Golden ratio(61.8%).
  • For price to move up it should break this level. 78.6% is at 123 levels. 
  • Price should sustain above 61.8% for moving towards 123 levels. Getting resisted here will be negative for Crude Oil.

1 comment:

  1. The usual cast of characters! Fear Factor, ACT, a new Egg
    Kliz some Adz you like this stuff