September 8, 2016

  • Gold weakness taking price towards 1335 Levels. gold bulls unable to move past 1360 resistance zone.
  • Bigger weakness only if 1335 level is not held.

  • Crude oil 4 Hour chart shows price testing previous resistance zone and 100 Period SMA. Staying above 46.60 may lead to a bigger up move. Unable to close above this level may trigger another fall towards 43 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