- Month Time frame continues to look strong. The long term structure will show weakness only if price falls back into the Range between 1800 - 2134. So weakness can be confirmed only on a Month close below 2134 levels.
- Weekly weakness after the Negative Divergence. More weakness below 2191 levels.
- Daily Time frame shows price below 20 Day SMA. But price continues to stay above 50 and 200 Day SMA. CRUDE Oil support and resistance levels
December 31, 2016
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.