November 25, 2014

CRUDE Oil update

  • Crude oil daily chart shows price testing 20 Day SMA Which may continue to act as resistance level.
  • 4 Hour chart shows 80 levels as previous support  which was broken and may act as crucial resistance if price moves up again. Bigger up move possible only if price is able to get back above this zone.
  • Weekly chart continues to test crucial support zone. Weekly candles yet to show signs of reversal.


  1. INDIAN BENCHMARK are likely to open little changed today tracking a subdued trend in fellow Asian peers and a flat closing at Wall Street overnight as an upward revision of Q3 GDP data was offset by a dip in US consumer confidence and slowing home prices gains, clouding the outlook for the world’s biggest economy. SGX Nifty is trading 15.00 points lower.
    Nifty Futures

  2. Japan's Nikkei shed 0.8% as the yen rebounded mildly but has gained 5.1% so far this month to become the second best performing market in the region after China following a surprise easing by the Bank of Japan at the end of October.
    Commodity Tips