May 24, 2012

CRUDE OIL Descending channel



  • EURUSD Four hour chart shows price moving down in a channel below the cloud.
  • Weekly chart shows price testing the weekly cloud. There is support near 88 - 89 levels as marked on the left side of the chart.
  • If 88 - 89 levels does not hold then price could slip towards the up trend line of weekly chart which is near 85 approximately.
  • S&P 500 OVERSOLD WEEK


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