- Weekly chart of crude oil shows good recovery from 75 levels.
- Price staying above 82.88 will be safe to stay long.
- Targets for this up move are 86, 88 and 90 Levels.
- Price falling below 82.88 will favor bears of crude oil again.
- GOLD CHANNEL BREAKDOWN
August 11, 2011
- CNX IT Weekly chart is near it support level.
- Price has not shown any strong reversal signal yet.
- Support area is between 5400 - 5500 We have an important Fib level support too in this area.
- If this level breaks on weekly closing basis then it will be negative for IT stocks like Infosys and TCS.
- GOLD TRIANGLE UPDATE
- BANK NIFTY CHART
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