![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGLG5-8FMlqVxKqCTf78nHd5wgxw5UQhyphenhyphenUWsBmBs3gg0G5FVGqkMQNaNwEYEd8euqQYRZCOjRck7XCXoW9r6Jrl210Rx0gaZgNGi8ei21tAnK5gZipgXosFPr4phryEUokCJ8F9lX3Tho/s640/CRUDE+oil+200+sma+correction.png)
- Crude oil 4 hour chart shows price violating support lines.
- Price staying below 200 Period SMA will add more strength for crude oil bulls.
- If bulls cannot take price above 200 SMA then correction may extend towards 50.55 and 49.75 levels. So this is a crucial level for crude oil bulls to defend.
- GOLD Trend Update
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