January 4, 2017

CRUDE Oil technical analysis

  • Crude oil week testing the broken resistance. Crude bulls need this line to act as support. Weekly close below this line is negative for crude bulls.
  • Daily chart shows price at 20 Day SMA. Closing below this line too is bearish for crude.
  • 4 Hour time frame shows crucial price zone at 52.09. Further bearishness if price sustain below this zone.
  • CRUDE Oil False breakout

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