February 9, 2012

CRUDE OIL Channel resistance line

CHART-II
  • Crude oil chart discussed below has given a correction. Price falling below 50 Period sma will extend correction towards 96 levels.
CHART-I
  • Crude Oil four hour chart near channel resistance line.
  • Bearishness here may take oil towards 97 and below.
  • Bulls of crude oil need a channel breakout to continue the up move.
  • RANGE OF GOLD

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