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NYMEX crude oil buying from 50 DMA technical chart updated on 19th June 2015, Friday.




NYMEX crude oil is not doing much if we compare it with yesterdays chart.
So far NYMDEX crude is witnessing buying pressure from 50 DMA, as long as it holds above bulls will be favored and bulls action can be seen.
We can see some further price rise once crude chart closes and holds above its recent top as show above. Its indicators are showing mix signals.
Suggested reading - Methods of buying stocks.

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