May 3, 2013

CRUDE Oil chart update

  • Crude oil daily chart shows price resistance at 94.70  - 94.90 level. Price closing above this level may target 97 levels as shown in the last chart.
  • Up move is pausing at 78.6% Fib level. This level must be taken out on closing basis for a bigger up move to follow.
  • Last chart shows weekly resistance line, Resistance for the current week is around 97 levels.

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