March 15, 2016

CRUDE Oil support and resistance levels

  • Crude oil daily chart shows stiff resistance at 38 levels.
  • One hour and 4 hour chart shows support levels. 4 Hour cloud and 36 levels may save bulls from a bigger correction. Further Weakness if price closes below 4 hour cloud

Nifty Chart update

  • Nifty bulls must move above the cloud and the falling resistance lie to avoid correction. Weakness may return if price starts to trade below 7400 levels.