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Gold & Crude Oil – Price as Bullish as it Seems?

Posted: 31 May 2018 08:25 AM PDT

Gold – Hard bounce but fading

Test of downtrend resistance successful by hitting the support trendline channel. The technical structure suggests short-term downward moves but in the long-term, there is a growing upside momentum as per our previous research (click here).

Major support: 30900 level

Major support breakout can generate extreme selling pressure. The support breakout can come down the gold price up to 30700 – 30560. Don’t get confused by just breakout. It can be fake out also. Subscribe now to identify the support level breakout.

Crude oil – Collapse?

Everything depends upon the Feb month support trendline channel, look at the chart. In the longer term, the momentum is turning largely positive. We favor a continued bullish bias.

Reversal Target: 4700 – 4800 – 4900 – 5000
Downtrend Target: 4400 – 4300

Fake Out & Reversal Time will reveal soon. For the greedy trader and short-term investors for this is a perfect time. I will update that to paid members only.

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The post Gold & Crude Oil – Price as Bullish as it Seems? appeared first on Moneymunch.

Tata Motor’s reverse point is coming.

Posted: 31 May 2018 02:37 AM PDT

We are seeing change in Tata Motor (EQUITY): Long down trend is coming to the end and support is 279 and 268.Buyers good level can be as 279 and 268. Profit booking level can be as 302 and 2nd can be as 311-318.

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