- Weekly chart is trying to put up a Topping pattern, For this one to succeed price need to stay below 8500 levels as shown in chart 1.
- Weakness can be confirmed if price starts to stay eblow 20 Week SMA.
- Immediate resistance at 50 Day SMA. Closing above 50 SMA may give an up move towards 8750 and 8800 levels again.
- CRUDE OIL CHART ANALYSIS
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