February 18, 2016

CRUDE Oil support and resistance levels

 
 
  • Crude oil Month chart shows price hanging around Multi - Year lows. Bigger weakness only if price breaks below the recent low of 26.06. Minor strength above 32.40.
  • Immediate resistance at 50 Day SMA. Daily close above 50 SMA may add strength for bulls. Immediate support at 1 Hour cloud.

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