- First chart shows previous broken support acting as resistance.
- Price till stays below the 4 hour cloud will favour crude oil bears for another down swing in this time frame.
- GOLD NEAR RESISTANCE ZONE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 5, 2016
CRUDE Oil resistance levels
September 2, 2016
CRUDE Oil chart update
- Crude oil 4 hour chart shows price pausing at the golden ratio.
- One hour chart shows price creating new lows. Bears will gain more strength below 43.01,
- TESLA CHART ANALYSIS
GOLD Resistance level for the bullish attempt
- Gold bulls put up a falling wedge in Hourly pattern which was discussed yesterday. But the bullish attempt got stuck at 1318 level.
- Gold bulls must sustain above this level for a bigger bounce to follow. Unable to move above this zone may result in bigger falls.
- TESLA CHART ANALYSIS
September 1, 2016
S&P 500 Futures analysis after closing bell
- 4 Hour chart shows price crawling back into the range. But the up move does not look strong.
- As far as price goes the crucial support level is between 2157 and 2164. Daily chart also shows a rising support resistance line and 50 Day SMA as crucial support levels.
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