August 22, 2016

  • Crude broke below 50 Hour SMA. Price is now testing 100 Hour SMA and cloud bottom. Closing below these levels will weaken crude bulls further. Bulls need to hold on to the cloud to avoid a bigger correction.
-->



  • Crude oil testing 50 Hour SMA and the channel support line.
  • For a possible trend change price must break below the hourly cloud, Till then bulls are safe.
-->

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

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