January 17, 2017
- Crude oil bulls managed to sustain above crucial support zone of 52.09
- Price for now is staying above 100 Period SMA. 53.50 Is a possible resistance zone. If stays above this level then Crude may target 54.30 levels. Weakness here may take price back to 52.09 levels again.
- First chart with Higher Highs shows 8449 as the next level to continue the trend. More strength for bulls if stays above this level.
- For Hour weakness starts below 8373 and the rising 50 Hour SMA.
- 30 Minutes cloud shows price riding the trend. Bulls safe till price stay above the cloud.
- GOLD Weekend update