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COMEX Gold and NYMEX Crude Long Term Outlook

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Gold Weekly Charts
Gold Weekly

 
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
CRUDEOIL

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About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

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