June 26, 2014

CRUDE Oil chart update

  • Crude oil 4 hour cloud and support levels in four hour is getting tested. More crucial is the previous resistance zone shown in daily chart, Recent dips to this level resulted in trading bounces. If this level does not hold a bigger fall is possible.

GOLD at Golden ratio

  • Bullish looking cloud chart for gold But for now price is stuck in a range as shown in four hour time frame. More importantly price is pausing at golden ratio. gold bulls must trade above golden ratio for bigger moves to happen. for now breakout from the 4 hour range may give larger direction.