- Crude oil week testing the broken resistance. Crude bulls need this line to act as support. Weekly close below this line is negative for crude bulls.
- Daily chart shows price at 20 Day SMA. Closing below this line too is bearish for crude.
- 4 Hour time frame shows crucial price zone at 52.09. Further bearishness if price sustain below this zone.
- CRUDE Oil False breakout
January 4, 2017
- Nifty bulls needs to stay above 8228 levels to test 8274 and higher levels. Above 8274 Bulls would've crossed all crucial moving averages in Daily time frame.
- Levels for Bears are 8234 and 200 Hour SMA which is at 8125 approx. Weakness on closing below these levels.
- GOLD Support levels