October 3, 2012


  • Crude oil daily chart falls below 100 Day SMA again. Bears of CL need a close below this level for a bigger down move.
  • Daily chart also falls below the cloud, This also need a confirmation on closing basis which should add to the bearishness of Crude oil.
  • Immediate support levels or targets for the current fall are 88.95 and 86.90.

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