March 5, 2013

CRUDE Oil chart update

 
  • Crude oil testing daily trend line from 77 levels.
  • Price also is bouncing from Golden ratio.
  • Moving above 50 week SMA shown in last chart may give a big up move for crude oil. Unable to close the week above 50 Week SMA may result in a bigger fall towards 84 levels in the coming weeks.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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