October 23, 2013

CRUDE Oil Multiple time frames

  • Crude oil daily chart shows price breaking crucial support levels.
  • Weekly chart shows the rising support line to which price may fall in the short term.
  • Monthly chart shows a bigger bearish possibility as it is ranging between 38.2% Fib level and 61.8%. If the rising support line in weekly chart does not hold then price may fall towards 38.2% Fib level shown in monthly chart which is at 77 levels.
  • GOLD Testing resistance levels

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