February 18, 2014

CRUDE Oil Bullish Price action

  • Above shown bullishness can only be confirmed with the daily candle giving a close near the High of the Day.
  • A Bullish "W" and a breakout above 200 Day is waiting to be confirmed with a bullish close.
  • One hour chart too shows a range breakout. 
  • Daily bullish confirmation will lead to 105 and 108 levels in the short term.
  • ES Chart analysis
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