- Crude oil daily chart shows price up move getting resisted near 50 Day SMA. 50 sma Moving away from 200 SMA will make it tougher for the bulls of crude oil for making a bigger up move.
- Daily chart is trading below the Ichimoku cloud which will also favor bears of crude oil on up moves.
- Bigger time frame the weekly chart shows up move from 23.6% Fib level getting resisted near 38.2% Fib level.
- ES CHART ANALYSIS
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