- ES Daily shows support at 50 Day SMA and 23.6% Fib level. Bears need to close below these levels to extend the correction.
- Resistance levels on the way up are the broken 20 Day SMA and Broken support zone near 2360.
March 28, 2017
March 27, 2017
- Crude oil 4 Hour chart shows price testing the recent support zone at 47 level. Crude bears need this level to break on closing basis.
- Weekly chart too is pausing at the rising support line. Weakness here may lead to bigger correction, On the contrary this area can also act as a support zone for a big reversal.
March 26, 2017
- Google month chart shows a Big rising wedge pattern with False upper breakouts. If This month candle closes at the current levels or lower It could take price towards the support line of the pattern.
- Daily has closed below 50 Day SMA. If price stays below this line it could lead to 200 Day SMA.
- 4 Hour chart is testing the cloud. Closing below the cloud may increase bearishness further.
- Google bulls need to get back above 50 Day SMA to avoid further weakness.
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