"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, August 30, 2012

Oil Index on the Verge of a Breakdown?

Momentum has come off nicely, but the Wedge is not decidedly broken.  If it does break down, the converged EMA's 50 and 200 or the noted visual lateral support zone could come into play.
















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