April 22, 2014


  • Crude oil testing crucial support levels in multiple time frames.


  • ES one and 4 hour charts shows price near recent swing high which may act as resistance.
  • 50 Hour SMA and 30 Minutes cloud are crucial support levels. Closing below these levels may lead to a bigger fall.

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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