December 5, 2013

ES Trend update

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

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