Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 21, 2011
CRUDE OIL Update
Price staying above 50 Day SMA and 23.6% Fib level will favor bulls.
Four hour chart shows a possible resistance line. Price breaking above this line may give good up move for crude oil.
For bears of crude oil price should fall below 50 Day SMA
See MCX Crude Oil chart below this post.
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