- Crude oil 4 hour chart shows price trading above the crucial resistance zone near 108. Next resistance level is at 112.21 levels.
- Fibonacci levels shows price near 78.6% Fib level. If this level fails to stop crude oil bulls then 112 levels are possible.
- Weekly candle is trying to make a bullish close above 110.54.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 6, 2013
CRUDE Oil resistance levels
Bank Nifty Chart analysis
- Bank Nifty closed above 20 Day SMA and 5 Day High EMA after a long while.
- Daily chart is testing 38.2% Fib level. Sustaining above 38.2% Fib level price is likely to target the 5 Week High EMA and the Upper Bollinger band.
- S&P 500 EOD Update
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