Friday, November 07, 2008

Similar Graphs - Similar result

Crude oil, copper and DJIA gave some positive up move signs. None was able to hold to support levels and now has broken down.

Copper and crude oil has given bearish breakdowns. Copper looks set to test its lows and crude oil may decline to $50 if it doesn't go above $65.5 on daily close. Take a look -

Crude oil


Prices may see some retest of resistance levels before going down.

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