October 26, 2016

ES Chart analysis after closing bell

  • ES 4 hour chart shows price testing crucial support line. Daily time frame too is showing weakness at 100 Day SMA. Bears need the daily candle to close at the current levels or lower for an extended fall to follow.
  • Weakness continues to be seen near or at 50 Day SMA as shown in last chart.
  • CRUDE OIL CHART ANALYSIS
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