Crude Touch 4000,4100 & 4200 In MCX

CRUDE OIL TECHNICAL ANALYSIS – Crude oil prices are struggling to build higher after rising to a 2.5-year high, with negative RSI divergence now warning a turn lower may be ahead. A drop back below the 23.6% Fibonacci expansion at 59.83 exposes the 14.6% expansionat 58.30 anew. Alternatively, a daily close above the 38.2% Fib at 62.31 targets the 50% expansion at 64.32.

 

Avinash Lokhande

www.vinvestmentofindia.com

 

GOLD TECHNICAL (Avinash Lokhande)

GOLD TECHNICAL ANALYSIS – Gold prices have stalled a bit after touching a four-month high last week. Negative RSI divergence warns that the pause may translate into a larger reversal lower as upside momentum fizzles. A reversal back belowthe 50% Fibonacci expansion at 1312.90 opens the door for another challenge of the 38.2% level at 1294.91. Alternatively, a breach of the 61.8% Fibat 1330.89 targets the 1353.15-57.50 area (76.4% Fib, September 8 high)











Avinash Lokhande
Vinvestment of India
www.Vinvestmentofindia.com