February 4, 2015

  • Crude oil 4 Hour is looking good for Bulls.
  • But Daily is nearing its crucial resistance zone. Daily cloud has acted as stiff resistance ever since price went below it at 103 levels. 
  • Weekly chart is trying to form a bottom formation Current week candle must end near its highs for confirming a possible bottom formation.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore