April 25, 2015

  • Crude oil 4 Hour Cloud is crucial support level. Sustaining above the cloud the bullish momentum is likely to continue.
  • Last chart shows the rising support line in daily time frame. Staying above the trend line price is likely to hit the 200 Day SMA.
  • Immediate resistance is at 23.6% Fib level. Price is pausing at this level. Bulls need to stay above this level to sustain the up move.
  • GOLD Weekend update: CLICK Here

  • Gold 4 hour chart shows triangle breakdown and price falling below 200 period sma
  • Daily chart is testing golden ratio and Ichimoku cloud bottom. If golden ratio and cloud does not hold price may fall towards 1140 levels which was the recent swing low in daily time frame.  


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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