NYMEX crude oil technical chart updated on 09th July 2015, Thursday.


NYMEX crude oil is on free fall after coming out from its range bound zone as shown in our previous chart. Technical indicates Crude will now find strong support around its golden ratio, if it closes and holds below then further weakness can be seen in coming days.

Intraday can see weakness below 49.90.
Support around 48.75, 48.25.
S.L 50.50.

Suggested reading - Commodity trading tips.

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Financial Advisor A leading Investment Advisory company, is known for its accurate recommendations on StockMutual Funds and bonds. We also provides Indian Stock market tips newsletter with daily point of view based on Technical analysis.

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