My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 26, 2016
CRUDE Oil Weekend update
Crude oil Daily chart continues to trade above 50 Day SMA. Hope of a bigger fall for crude oil bears only if price starts to close below this line.
Price in weekly is trading in a 6 Point range between 45 levels and 51 plus levels. This range must be resolved on closing basis for bigger action to happen.
Weekly chart shows a bearish PIN BAR. 2 bearish candles followed the PIN BAR Keeping the bearishness of the candlestick pattern intact. For bigger falls price has to trade below 45 levels.
No comments:
Post a Comment