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.


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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