- Crude oil month chart is trying to form a bullish formation. February Month candle confirmed a pause in selling as price came back to close near the candle high's. March Month though is closing well off the High's which is a worry for Crude bulls.
- Weekly chart is trying to form a Pin Bar Kind of reversal formation pending confirmation from current week. Bears need current week candle to close near the lows to extend bearishness in to the coming week.
- Daily chart continues to stay below 200 Day SMA which is a big worry for Crude bulls.
March 31, 2016
March 30, 2016
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March 26, 2016
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- Nifty month chart is trading near the Down trend line and the up trend line. For the next big move price need to close above or below these lines.
- 2nd chart weekly line which shows weakness near 20 Week SMA. So for bulls price has to close and sustain above 20 Week SMA to avoid the trend.
- Daily chart is trying to stay above 50 Day SMA. Price closing back below 50 Day SMA will strengthen bears again.
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