February 25, 2015

Descending Triangle and support levels of CRUDE OIL

  • Crude oil one hour chart shows a descending triangle with a false breakdown.
  • 4 Hour chart shows crucial support levels. More weakness if these levels are broken on closing basis.

Descending Channel and Golden ratio of GOLD

  • Gold 4 hour chart shows price falling in a channel.
  • 4 Hour cloud is the Immediate resistance level in this time frame.
  • Price in Daily chart is trying to stay above the golden ratio. If this level is not saved then bigger falls are possible.