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The Commodity Charts That Matter

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Oil Double Bottom Confirmed! Oil has now officially confirmed the double bottom I have been eyeing up for the last month. Now that we are above the 34.82 level, we have seen a very quick move to the other side of the range to 38.39 which has held as resistance initially. However now that the Falling Wedge pattern as also broken and now held on the daily, traders should be wary of a move through the $39-$40 region which could send weak shorts scrambling for the exits. Gold Daily

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