Sunday, April 18, 2010

Crude Short term

Playing With Trendlines
Crude has Breached The Short-term trendline Support at 83 and tested the next Support at previous Bottom of 82.5 making a double bottom at that Same Place , Sustained Trading below Same Can Lead to Next Support Imp at 81.8 Below that Can Retest 79.8 * 77 $ Supports

Gold Inverted HEad & shoulders

Gold Inverted Head & shoulders , After fridays Selloff took Support near The neckline , Fresh Longs Can be taken with SL below 1110 Closing basis For upside tagrets of 1180--1209

Wednesday, April 7, 2010

Crude Short term view

Crude has formed a Hanging Man - Doji at top end of end of channel which is a whiplash near the top end of channel Resistance . Indicating that a Short Term top May be in place. Failure to Close abv 87 in next day or two Could drag it down to sub 82 lvls . The RSI has also Started pointing downwards again after Hitting the Overbought Zone

Reco : Short on Rise With SL above 87.3 with downsid etargets of 83.5 & 82

( Click on Read Rest of entry & click on Graph to have Larger view of Charts )