February 7, 2013

CRUDE OIL Support and Resistance levels

  • Crude oil daily chart shows fib levels. Price near 23.6% Fib level which should break for further down  moves to happen.
  • Second chart shows the crucial support zone between 93 .50 - 93 .95 and 50 Day SMA. These two levels may act as strong support levels But breaking them could lead to sub 90 levels and lower.
  • Last chart shows Golden ratio in weekly chart acting as stiff resistance till now.

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