Saturday, February 13, 2010

CRUDE Conflicting situation

CRUDE
Below is the Daily chart of crude.

The crude looking to go down and can see $69.The Support line given in green is near to its trading range and break below this can see 69. which is another support.
Bullishness starts when it cross above Blue line.
Bearishness starts when it cross below green Line 2.
So currently we can see crude can play between 69-74 range in coming days.

Wait for pattern complete and take the decision.

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