NYMEX Crude oil commodity trading tips technical chart indicates that crude is again trying to move up from 50 DMA this indicates bulls will be favored and further bulls action can be seen in nymex crude. On upper side once it closes and holds above its trend line resistance as shown above then bulls may get active for short term.
This time its both trend indicators "macd" and "stochastic oscillator" moving in positive zone this will favor bulls.
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