- Month chart show crude oil in contraction.
- The high and low of January month candle is crucial. Only a close outside this range will take crude oil away from the Range.
March 7, 2017
CRUDE Oil month chart analysis
GOLD Support levels
- Gold one hour chart shows price trending down.
- But the falling price is moving towards crucial support zone between 1217 and 1222 levels. If this level holds another up swing will start.
- Bigger bearishness if this level is not held. Possibility of visiting 1180 levels if the above mentioned support level is not held on closing basis.
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