My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 3, 2013
CRUDE Oil chart update
- Crude oil daily chart shows price resistance at 94.70 - 94.90 level. Price closing above this level may target 97 levels as shown in the last chart.
- Up move is pausing at 78.6% Fib level. This level must be taken out on closing basis for a bigger up move to follow.
- Last chart shows weekly resistance line, Resistance for the current week is around 97 levels.
EURUSD Chart update
- Daily chart is giving a correction followed by the bearish Inverted hammer pattern.
- Price is also getting resisted at 50% Fib level and 100 Day SMA.
- Close below 50 Day SMA may extend the fall of Crude oil
- APPLE DRAGONFLY DOJI
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