Crude breaks 50 day moving average

Crude has had a small correction and is testing its 50 day moving average.

This is not to say a bear market has started in Crude. It is structurally bullish as of now with the 50 day above the 200 day. It can very well bounce from here. But this is a sign to keep an eye and see if Crude makes a pattern of lower highs and lower lows and fails to hold the 50 day.

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