January 10, 2012

CRUDE OIL Testing Resistance band

  • Crude oil price testing strong resistance levels.
  • Weekly chart shows price approaching Golden ration for the fall from 147 to 33 levels. It is also a neckline for an Inverted Head and shoulders pattern.
  • Price has to sustain above 105 levels for a possible breakout towards 112 levels to happen.
  • SPY TREND UPDATE

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