September 25, 2012

CRUDE Oil chart analysis

  • Crude oil 4 hour chart shows a range between 90.96 - 93.82
  • Daily chart shows the fall pausing at 38.2% Fib level. Daily candle closing below this level should give another fall in favor of Crude oil bears.
  • For crude oil bulls price should breakout above 50 Day SMA for a meaningful bounce to happen.

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