- Price is trying to stay above 200 week moving average.
- Important Fibonacci levels which got broken is acting as resistance.
- Hour chart is favoring bulls. So if price holds above 50 Hour moving average then it may move towards 200 Hour moving average.
- Bears need to break 50 Hour moving average on closing basis which may trigger a correction.
- IT WAS A DAY OF FALSE BREAKOUT'S (CRUDE, SILVER, ES, SPY)
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