March 27, 2013

CRUDE Oil Chart analysis

  • Weekly chart shows a possible triangle pattern.
  • Daily chart shows price above 50 Day SMA and moving towards the resistance line.
  • Last chart shows price testing 78.6% Fib level. Triangle resistance line is positioned between 78.6% Fib level and the swing High.

1 comment:

  1. Hi San,
    Thanks for the nice charts.
    The weekly triangle could be a much bigger one.
    It is the first chart in the post.