April 12, 2015

 
  • Silver daily chart has strong resistance at Golden ratio and 200 Day sma.
  • For the very short term Bulls will be under pressure as its below 4 Hour cloud. 
  • 4 Hour cloud may continue to act as resistance.



 
  • Crude oil daily chart holds above 100 SMA.
  • Price yet to move out of the daily range.
  • Hope for crude oil bulls in the 4 Hour chart. Rising support line must hold for a possible breakout to happen. Price falling below the support line may take price back to range bottom again.



Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

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