January 3, 2014

CRUDE Oil Weekly bearish Candle


  • Crude oil 4 hour chart shows price pausing at the crucial Golden ratio. Crude oil bulls must protect this level to avoid further damage.
  • Daily chart looks more bearish as price stays below 50 Day SMA.
  • Weekly candle shows a big bearish candle which eclipsed the recent up move. Closing at the lows may lead to the crucial 200 Week SMA again in the coming week.
  • BANK Of America Trend update
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