Crude Oil:-Has it topped out or just a correction?

July 12 , 2018

 

By looking at the daily technical chart we can see many choppy sessions after making the high of $75.24 level and from there we got the signal of weakness as the momentum was with the bulls and crude was trading above the moving average line but it was unable to move upside which was the signal of bull’s weakness. Well after a week’s tug of war between bulls and bears eventually bears won the match and took the pair at downside.

Continue reading “Crude Oil:-Has it topped out or just a correction?”

Silver: Bearish storm can be seen in the white gold.

June 21 , 2018

 

On the daily chart any can observe that previous week’s gain has converted in just one day’s loss on last Friday where a dark cloud candlestick along with bearish engulfing candlestick has been posted on the daily chart which is generating purely bearish signal. There is no chances for bulls to recover for the time being as metal is trading and sustaining below the moving average lines.

Continue reading “Silver: Bearish storm can be seen in the white gold.”