July 26, 2016

  • Crude oil 30 Minutes trending below the cloud. Crude bears will remain strong below the cloud. Daily chart shows possible support at 41.95 levels and 200 Day SMA.
  • Nifty breaks out of the range But price moving into previous resistance zone in weekly time frame. Bulls moved sideways for a while and the up trend is extending. Price yet to confirm weakness. 


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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