June 9, 2014

CRUDE Oil chart analysis

 
  • Crude oil 4 hour chart trying to stay above 4 Hour cloud.
  • One hour chart shows possible resistance zone between 103  and 104. Bigger move on crossing this level.
  • Daily chart shows the up swing from 50 Day SMA. Bigger weakness only if 50 Day SMA is taken out on closing basis.

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