CHART -I (SHOWN ON 15-FEB)
- Broadening Top shown on a Previous post on MCX CRUDE OIL; Has worked well so far.
- Price sustaining below the falling support line and 50% Fib level will extend the fall towards Golden ratio.
- 100 Day SMA is also at 50% Fib level so this level may try to protect bulls. Daily close below this level will extend the fall.