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NYMEX Crude oil technical graph updated on 12th May 2015, Tuesday.


NYMEX CRUDE OIL


NYMEX Crude oil witnessed selling pressure from 161.8% fibonacci retracement, further strength can be seen once Crude oil closes and holds above its resistance zone, on down side it is finding 20 DMA support, if closes and holds below then further weakness can be seen.
Crude oil major trend indicator is on -ve zone this will favor bears as shown in above graph. Click here to see more technical chart.

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