April 5, 2013

FORD Chart analysis

  • Ford chart showing potential bearish setup.
  • Price is testing 100 Day SMA. Daily close below this level may extend the correction.
  • Weekly chart shows price testing 20 Week SMA. Weekly close below this level may lead to the rising support line. Trend line break will be followed by an extended fall.
  • Bulls need to protect 100 Day and  20 Week SMA.
  • CRUDE OIL TRIANGLE UPDATED
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