April 2, 2014

  • Crude oil daily chart shows price pausing near 100 Day SMA.
  • 4 Hour cloud is trying to give support.
  • previous resistance level at 23.6% Fib level is acting as support.
  • ES 4 hour chart shows price trading near resistance zone.
  • If price starts to show weakness in smaller time frame then ES is likely to remain in the range shown in 4 Hour chart.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore