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Crude Oil poised for a sharp fall…

 
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Author Crude Oil poised for a sharp fall…
satish_kumar25
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Post: #1   PostPosted: Sat Nov 07, 2009 12:18 pm    Post subject: Crude Oil poised for a sharp fall… Reply with quote

It looks like Crude Oil is about to fall shapely. The confirmation point is approximately 3400. Once it close below 3400, then you might see it falling to 2400 sharply.

The first indication will be a breakdown below the congestion region shown circled.



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kalsree
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Post: #2   PostPosted: Sun Nov 08, 2009 7:54 pm    Post subject: crude oil Reply with quote

You are exactly right. Since it could not CLOSE ABOVE $81 for more than 1 day and huge volume in that region whenever crude crosses $80 confirms it is poised for a big fall.
Adding fuel to fire will be the strength developing in Dollar against other currencies.
kalyan
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Agbhai
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Post: #3   PostPosted: Mon Nov 09, 2009 10:29 am    Post subject: Reply with quote

hi
Crude oil price channel move.

Regards



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kalsree
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Post: #4   PostPosted: Mon Nov 09, 2009 5:35 pm    Post subject: crude view Reply with quote

as per your channel trading also crude is bullish above 3800 only.
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Agbhai
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Post: #5   PostPosted: Mon Nov 23, 2009 1:28 pm    Post subject: Reply with quote

Hi everyone
Possible Bull Flag formation in Crude Daily (nymex).

Regards
Vishal



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