November 26, 2016

  • Gold weekly chart shows price closing below 100 Week SMA. 1200 level is also broken.
  • Last chart is crucial because 1170 is a crucial support zone. Weekly cloud and Golden ratio is around 1170 Breaking this level will ensure bigger correction in Golden.

  • CRUDE Oil ONE HOUR gave double breakdown from a Triangle and 100 Hour SMA. This was followed by quick down move in the shorter time frame.
  • Daily is moving towards 200 SMA again. Last 2 falls below this crucial moving average did not give big results for Crude oil bears. Price likely to test this line again.
  • Last chart shows price in a range between 43 and 48 which in turn is in a larger range between 39 and 52. So range bound move like to continue for next week as well.
  • CRUDE Oil ONE HOUR Analysis


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.


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