May 1, 2016

Crude Oil Weekend Update

  • Crude oil week moves back to the cloud. price broke below the cloud when it was around 100. Now price may stall or a correction is possible from the current levels.
  • Daily chart shows price at possible channel resistance. MACD shows possible negative divergence developing. Now Crude bears need price to show some weakness here to confirm negative divergence.
  • Yen Vs US Dollar Weekend update

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