December 29, 2011

CRUDE OIL Hour chart Analysis

  • 99 is important level for crude oil hour chart to hold.
  • Price has already fallen below the hourly cloud which is negative. This is a sell on rise situation according to Ichimoku cloud till price breakout above the cloud.
  • Breaking below 99 Level will strengthen bears of crude oil further.
  • S&P ANALYSIS AFTER CLOSING BELL


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2 comments:

  1. Nilesh PatilDecember 29, 2011 at 7:21 PM

    @SAN Sir,
    Request you to update gold weekly chart.

    ReplyDelete
  2. SanDecember 29, 2011 at 7:37 PM

    @Nilesh
    Support line of Gold is violated. If week candle closes above the support line there is hope for bulls of gold. Week closing below the support line may extend this correction.
    I will update the chart later.

    ReplyDelete

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