My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 12, 2012
CRUDE Oil update
- ES Daily chart declining in a channel
- Stiff resistance levels at 50 and 200 Day SMA.
- Strong support for now at 23.6% weekly fib levels. Strong up move from these levels may test the resistance levels of daily chart. Not holding above 23.6% may lead to bigger falls possibly below 80 levels and towards 76 area.
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