My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 18, 2015
Crude oil chart update
Crude oil daily chart shows price trying to hold on to the support zone. 4 Hour chart shows price moving towards the falling resistance levels. If a bigger bounce is going to happen that can be confirmed on price closing above 4 Hour cloud. Till that happens the down trend and bears are safe.