Crude strongly resisted near 200 day Weekly EMA. After Resisting near 74$ it shows strong move towards
$68 and showing negative divergence pattern in daily charts.
By Applying 13,34,55 EMA Principle we could find that crude is trade below all the three major EMA zone
13 EMA – 69.98
34 EMA – 69.54
55 EMA – 68.14
So $68-70 could be a possible resistance band. If any immediate reversal to take place then possibly
this zone will act as a immediate resistance zone
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GANN Shorter term Update
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www.marketcalls.in
7 Long Term Charts to Watch CNX Small cap index maitains the long term sell mode since Jul2014 and currently on the verge of breakout any close above 5291 on daily basis could change the trend to long term buy mode.
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