- Crude oil one hour chart shows a descending triangle with a false breakdown.
- 4 Hour chart shows crucial support levels. More weakness if these levels are broken on closing basis.
February 25, 2015
Descending Triangle and support levels of CRUDE OIL
Descending Channel and Golden ratio of GOLD
- Gold 4 hour chart shows price falling in a channel.
- 4 Hour cloud is the Immediate resistance level in this time frame.
- Price in Daily chart is trying to stay above the golden ratio. If this level is not saved then bigger falls are possible.
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