December 23, 2011

CRUDE OIL Negative Divergence

  • Mild negative divergence in crude oil hour chart which might give a correction.
  • Price has to confirm by falling below the Fib levels marked in 2nd chart.
  • Price staying above 78.6% will erase this negative divergence and move towards 102 level.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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