December 5, 2013

ES Trend update


  • ES hour trend favors bears as it trades below key moving averages and trend lines.
  • GOLD Resistance zone
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CRUDE Oil resistance line


  • Crude oil daily chart shows price pausing at the falling resistance line. Price has managed to close above 50 Day SMA and 23.6% Fib level But it has to break and stay above the falling resistance line for extending this up move.
  • GOLD Resistance zone