April 19, 2017

CRUDE Oil chart analysis

  • Crude oil daily chart shows price near crucial moving average of 50 Day SMA. Right now the line is at 51.45 levels. For bigger correction price should close the day below this line.
  • Hour is staying below the cloud. A trending move is possible if price sustains below the hourly cloud. Hope of a reversal for Crude bulls if price moves back above Hourly cloud.