December 3, 2013

CRUDE Oil Chart update

  • Crude oil 4 hour chart shows price trying to stay above crucial support resistance zone.
  • Daily chart shows price nearing 23.6% Fib level and 50 Day SMA. Only a daily close above these levels will help Crude oil bulls to extend this up move. Unable to close above 50 Day SMA may resume the fall in crude oil.
  • FORD Chart analysis

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