April 29, 2014

CRUDE Oil chart analysis

  • Crude oil daily chart shows price violating the up trend line. Sustaining below the trend line may extend the fall towards the shaded support levels.
  • Golden ratio is shown in 4 hour chart. Hope for crude oil bulls if price holds above the golden ratio.
  • Last chart shows price testing lower BB. Closing the day below lower BB May extend the fall.

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