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NYMEX Crude Oil moving up from support, technical chart updated on 13th May 2015, Wednesday.


NYMEX CRUDE OIL


NYMEX Crude oil moving up from 20 days moving average so as long as it holds above bulls will be favored, on upper side it will find strong resistance around 161.8% fibonacci retracement, once it closes and holds above its resistance then further price rise is expecting.
So far its major indicators are moving in negative as shown in above technical graph once they turn positive then sharp move can be seen. Close Watch.

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