Saturday, September 23, 2017

Crude Oil Trading: Weekends Post for the week 25th Sept - 29th Sept 2017

Hanging man or bearish dragonfly pattern could be seen in daily TF, pending confirmation.

From 4hr chart, support as shown.


Doji appearing in weekly chart. Next few should be decisive.


Daily support/resistance on 25th Sept: 50.62, 50.54
Weekly support/resistance from 25th Sept - 29th Sept: 50.57, 50.44
Monthly support/resistance for Sept: 47.40, 48.01   (CLV7: 47.41, 48.05 ; CLX7: 48.05, 48.38 )
Monthly support/resistance for Aug: 49.12, 47.03  (CLU7: 49.15, 47.12 ; CLV7: 49.28, 47.25)
2017 Yearly support/resistance: 49.35, 40.28

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