March 5, 2014

CRUDE Oil testing support levels

  • Price testing crucial support zone at various time frames. Daily close below 20 SMA will be crucial for the trend of crude oil.

EURUSD Testing major resistance lines

  • Daily chart shows price near the apex of a contracting pattern which is likely to increase volatility for the pair.
  • Monthly and Weekly chart shows price testing major falling resistance lines. Bearish weekly candle here may only confirm the weakness.