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NYMEX Crude Oil technical chart updated on 11th May 2015, Monday.


NYMEX CRUDE OIL


NYMEX Crude oil witnessing selling pressure from 161.8% fibonacci retracement technical indicates for further price rise crude oil must close above its recent top.
On down side it is now finding 20 days moving average support and its major trend indicator "MACD" turned negative, once crude oil starts trading below 20 DMA then we can see some further price fall till its next support. Visit link for more free technical charts.

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