December 13, 2011

CRUDE OIL Update

  • Daily chart shows a trend line which acted as resistance previously is acting as support now.
  • For bears of crude oil this line should be broken on closing basis for a correction to happen.
  • Four hour chart shows price near 200 Period SMA. If price gets support here an up move is possible in crude oil.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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