November 16, 2016

CRUDE Oil chart analysis

  • Crude oil 4 hour charts with crucial resistance zone
  • Price shows resistance between 45 and 47 level.
  • Price is testing the 4 hour cloud here. If price manage to stay above the cloud then correction in coming days is likely to be limited followed by a bigger up move. If the current price test at the cloud by bulls fails then bigger correction and test of the recent lows are possible.

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