- Rising 50 Day SMA and Previous resistance level at 119.75 are immediate support levels.
- Price for now has taken support at 38.2% Fib level. More weakness when this level gets violated.
- Last chart shows the negative divergence which has led to this correction. Weekly divergence like this one usually results in bigger falls. Bears need to stay below 119 levels for bigger falls to follow.
- TESLA MOTORS WEEKEND UPDATE
- CRUDE OIL WEEKEND UPDATE
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