March 15, 2016

  • Crude oil daily chart shows stiff resistance at 38 levels.
  • One hour and 4 hour chart shows support levels. 4 Hour cloud and 36 levels may save bulls from a bigger correction. Further Weakness if price closes below 4 hour cloud



 
 
  • Nifty bulls must move above the cloud and the falling resistance lie to avoid correction. Weakness may return if price starts to trade below 7400 levels.

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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