Thứ Bảy, 15 tháng 9, 2012

CRUDE Oil Trend update


CRUDE Oil Support levels

 17/9/2012

 


  • Crude oil Four hour chart shown with crucial support level near 93.95  -  94.10
  • 4 Hour chart 200 period SMA giving support.
  • More correction if 50 day SMA gets broken. Unable to break below 50 SMA will favor crude oil bulls. Bulls strong above 97 - 98 level.

 

CRUDE Oil Trend update

 
  • Crude oil daily chart shows price ranges continues to give upper breakouts.
  • Weekly chart shows a possible W pattern. for now price may form a range between 99 - 102 level. Closing above 102 may target 105 levels.
  • Monthly chart shows the falling resistance line from 147 through 110 will meet price at around 105 levels for the current month candle.

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