Gold Bearish Channel update

• One hour chart shows price continues to stay inside the bearish channel.
• Gold bulls will remain weak till price stay below 1335 and stay inside the bearish channel. 

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CRUDE Oil chart update

• Crude oil 4 hour chart shows a descending triangle pattern.
• More weakness if price stays below 46.42 levels.
• One hour chart shows price below 200 and 50 Hour SMA. More weakness only if price falls below the recent swing low.

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Nifty intraday update

• Hourly charts shows support around 8540 levels. If bears unable to break this soon then price may move back into the range between 8600-8690. Immediate resistance for the current up move is the broken support of range around 8600 level.
• Daily rising support line was violated last week But bears are not getting follow up price action. Bears need a close below this line for bigger falls to follow. 

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