December 6, 2016

CRUDE Oil Weakness at resistance zone

  • Crude oil daily chart shows weakness at resistance zone around 52 levels.
  • Weekly candle price action is not looking good so far for crude bulls. bulls hoping this may change as week goes by. Crude bears on the other hand need  a bearish weekly candle for bigger correction to follow.
  • Hour shows crucial support around 50 levels. Bigger weakness if price starts to trade below 50 levels.

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