My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 25, 2013
CRUDE Oil Chart analysis
Crude oil weekly chart shows price near weekly rising support line and 200 Week SMA. If these levels hold on closing basis an up move is possible. Down move will gain momentum if these two levels does not hold.
For an up move need a weekly close above 100 week SMA as shown in the last chart.