Gold Weekly Charts
COMEX Gold and WTIC Crude Weekly charts are shown here with ATR volatility trading system applied on top of it and William VIX indicator to guage the weekly volatility. It is observed that Gold last week entered into the long term sell mode with current weekly resistance zone coming near 1260 zone. And Crude on the weekly charts maintains the prolong sell mode since Aug 2014 and the weekly resistance zone comes around 54.41. However the weekly volatility in the NYMEX crude is very high which indicates a possible bottom is already made and sideways to uptrend might continue in the future. Short crude at higher timeframe might not be a wise decision.
Crude Weekly Charts
Related Readings and Observations
WTIC Crude Oil Getting Oversold? WTIC Crude is in a clear downtrend since the start of Oct 2018. November month alone it lost more than -21%. Currently crude is trading above the psyhogical support zone 50 which is […]
Nymex CRUDE OIL Futures Short Term Overview Nymex Crude is showing a short term consolidation on the hourly timeframe with divergence witnessed when fisher transform is applied over the chart. Daily Trade Sentiment turned positive […]
Four Visible Technical Signs that Crude Bottomed Out Here are the 4 visible signs (Volatility Sentiment, Magazine Indicator, COT Percentile , Gold Oil Ratio) we look into it to predict the possible bottom in Crude.
Gold Pointing for Weakness Ahead? Now gold is trading around $1211 & as we can see on charts gold following a upward trade line & reaching to the major resistance zone from $1224-1245. While looking at the big time […]
Analysis : Nymex Crude Oil Waiting for a Breakout Move? Crude is trading around $50.80 & as we can see on charts it is trapped in a range & producing a symmetrical triangle pattern. Generally these patterns appear before a big move […]
MCX Gold – Time to Rise – Technical Analysis Gold (20.08.2014) traded higher as per our last article & went to $1320 mark. However a sharp fall was witnessed from there specially on mcx with combination of INR.
sarvjit singh makker says
March 6, 2015 at 1:09 pmDear sir, Please send me the linc for the tomorrow webinor.
Thanks