- Crude oil shows bullish price action
- Bulls need a daily close outside the range.
- Bears had a violation below the range but they did not get a daily close and price came back into the range. So bulls need a close above the range.
April 15, 2015
- Signs of a real recovery and not a Dead cat bounce can be seen if price starts to stay above 50 Day SMA.
- For a trend change in daily chart needs price to break and stay above the cloud.
- Weekly MACD Looks promising for Bulls, This set up needs price confirmation.
- RELIANCE INDUSTRIES Trend update