- First chart is the 4 Hour time frame with channel breakout and Immediate resistance levels.
- 2nd chart is the weekly triangle. If the levels in 4 Hour chart is taken out then the weekly resistance levels are possible for bulls of crude oil.
- Weakness at resistance levels of 4 Hour chart may resume the fall again.
- GOLD Support Levels
August 1, 2013
- Reliance Communication daily chart shows a bullish engulfing pattern.
- Daily chart shows support at 50 Day SMA. For weakness to resume price must trade below 50 Day SMA.
- Weekly chart shows resistance at 150 - 151 levels. This level must be crossed on closing basis for bigger up moves to follow in the coming days.