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CRUDE OIL US Technical Analysis Chart Trend Forecast Trading signals Graph Tips Strategies Recommendations- CRUDE OIL facing strong support at current levels, selling expecting once it closes below 96.50. (Updated for 11th August 2014, Monday).



US CRUDE OIL NYMEX




  • CRUDE OIL is facing strong trend line support at current levels, close watch chart indicates Crude Oil must trades above its trend line support to favor bulls. But once Crude Oil closes below 96.50 and stays below then further weakness is expecting.
  • Chart also indicates Nymex Crude is moving in a down channel formation, as long it trades in between its formation it will favor bears, and sharp move is expecting when it comes out from its down channel.
  • If Nymex Crude falls further then will find next strong support around 95.50 (161.8%  fibonacci retracement) and if close and stays below 95.50 then next strong support around 91.50 (trend line) as shown above in graph no 3.
  • Click here to see all the forecast (trading strategy) published by us on CRUDE OIL.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.