April 28, 2015

CRUDE Oil trend update

  • Crude oil 4 hour chart continues to be in an up trend. Larger time frames are yet to turn bullish.
  • Weekly chart is trying to form a double bottom pattern. 
  • Price is pausing at 23.6% Fib level for about 3 weeks now which is a cause of concern for crude oil bulls. But price yet to give any bearish price action at this level.
  • EURUSD Resistance levels: CLICK Here

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