Crude oil up on the day be remains below MA resistance

Discussion in 'Technical Analysis' started by ForexLive, Aug 25, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    200 hour MA capping the topside Crude oil is up marginally today (up 0.45% to $46.97) and traded as high as $47.30, but has been able to remain below the 200 hour MA currently at $47.34. The testing and holding keeps the sellers more in control from that perspective.

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