February 29, 2012

CRUDE Oil Channel and Cloud

  • Crude oil support at 50 period SMA and Ichimoku cloud.
  • Holding above 50 SMA a channel breakout in favor of bulls is possible.
  • Crude oil will be weak below 50 Period SMA of four hour chart. Trend will reverse only on braking below the cloud.
  • US DOLLAR NEAR SUPPORT LEVELS
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