March 25, 2013

CRUDE OIL Chart update

 
  • Crude oil 50 Day SMA is getting tested. Crude oil bulls need a daily close above this line.
  • Price is near previous support level of 94.97 - 95.25. 
  • Price is also at the Golden ratio. 
  • Bulls has to close above these resistance levels to extend this pullback. Weakness at the current levels may lead to a retest of the recent low again.
  • ES DIAMOND PATTERN UPDATED
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