December 2, 2016

CRUDE Oil at weekly resistance line

  • Crude oil weekly chart testing crucial resistance line.
  • Crude bulls need a weekly close above 52 levels to confirm  a breakout from a weekly bullish pattern. Price trying to stay above crucial moving averages. This set up too needs a further breakout from here for bigger up moves to follow.
  • Crude bears need to see some weakness here at the resistance line to start a Down swing.
  • GOLD Chart Analysis

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