My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 24, 2014
CRUDE Oil Nearing resistance zone
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGsszD_Y3N22qTLrp7yKIJx2ji1T_IyMHO0r-qPIlnjcy6tDZRApu-dds897f1nWQmnZmCHM6kg0x851gf_HSioxEqtOoqfsMkZrvFGNiq9hukXURVRA5tLu5QRLPqwN2udVDsa-qZJt2B/s1600/crude+oil+support+zone.png)
- Crude oil daily chart shows price nearing the crucial resistance zone near 105 levels. Two chances here either a Triple top or a breakout towards 108-110 levels.
- Weakness only if price starts to trade below 103 levels.
- A consolidation range at the resistance zone may also give hope for Crude oil bears for a possible reversal.
- GOLD TRIANGLE UPDATE
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