January 10, 2017

CRUDE Oil Violating support levels

  • 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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