March 9, 2017

CRUDE Oil support levels

  • Crude oil weekly chart testing possible support line drawn from 26 levels through 42.
  • Fib levels shows price getting resisted at 78.6% Fib level, But the correction towards 61.8% Took many weeks to happen. 
  • Now if the Golden ratio does not act as support price may fall towards 100 Week SMA and a support line drawn in the same chart.
  • GOLD Trend and Channel

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