January 23, 2017

CRUDE Oil chart analysis

  • Crude oil is hitting or testing the resistance levels near 53.50, Price has made its way out of the triangle contraction and If it manages to sustain above the resistance line another bullish move is possible. Weakness starts again if price falls back into the pattern and 100 Period SMA Which is shown in the last chart.
  • S&P 500 Futures chart analysis

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