- Crude oil 4 hour chart shows 43.01 as immediate support level and 46.50 levels as strong resistance.
- As price stays below 4 Hour cloud Crude bulls will remain weak. Crude bears will be stronger once and if price violates 43 levels.
- CRUDE Oil Resistance
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- Gold 4 Hour chart shows price moving above crucial support resistance zone of 1335. Falling resistance line around 1345 is the next resistance level. Crossing above this line may result in a trending move. One hour cloud shows gold bulls trying to trend above the cloud.
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- 4 Hour chart shows price near a possible resistance line.
- If the resistance line is effective then price is likely to move towards the level shown in Daily chart the rising support resistance line and 50 Day SMA is likely to be tested.
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- First chart shows previous broken support acting as resistance.
- Price till stays below the 4 hour cloud will favour crude oil bears for another down swing in this time frame.
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GOLD NEAR RESISTANCE ZONE
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- Gold nearing 1335 which is crucial support resistance zone. gold bulls need price to stay above this level for a trending up move to happen.
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- Crude oil 4 hour chart shows price pausing at the golden ratio.
- One hour chart shows price creating new lows. Bears will gain more strength below 43.01,
- TESLA CHART ANALYSIS
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- Gold bulls put up a falling wedge in Hourly pattern which was discussed yesterday. But the bullish attempt got stuck at 1318 level.
- Gold bulls must sustain above this level for a bigger bounce to follow. Unable to move above this zone may result in bigger falls.
- TESLA CHART ANALYSIS
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