- Crude oil daily candle looks bullish so far. If the current price action stays a Higher close is possible in this time frame, which could lead to bigger up moves.
- 55.24 level is the next challenge for crude bulls to cross above.
February 23, 2017
CRUDE oil chart update
NIFTY Resistance zone and Rising wedge
- Nifty daily chart is testing the recent swing High'
- 4 Hour chart shows a resistance line which is part of a Rising wedge pattern.
- Rising wedges are mostly bearish. But as we are close to historic High's anything is possible. Weakness only if price falls below 8700 levels.
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