March 7, 2017

CRUDE Oil month chart analysis

  • Month chart show crude oil in contraction.
  • The high and low of January month candle is crucial. Only a close outside this range will take crude oil away from the Range.

GOLD Support levels

  • Gold one hour chart shows price trending down.
  • But the falling price is moving towards crucial support zone between 1217 and 1222 levels. If this level holds another up swing will start.
  • Bigger bearishness if this level is not held. Possibility of visiting 1180 levels if the above mentioned support level is not held on closing basis.