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NYMEX Crude oil technical analysis chart updated on 15th May 2015, Friday.




NYMEX CRUDE OIL


NYMEX crude oil coming down from its resistance zone and now finding 20 days moving average at current levels as shown in above technical chart. Visit link for NYMEX crude oil technical chart with auto buy and sell signal.
Price rise can be seen in crude oil once it closes and holds above its 161.8% fibonacci retracement and weakness expecting once it closes and holds below its 20 days moving average.
So far its major trend indicators are moving in negative zone.

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