November 29, 2016

  • Crude oil daily chart testing its 200 Day SMA.
  • IF Crude bulls fails protect 200 SMA then price may fall to 42 - 43 zone.
  • If price stays above 200 SMA then an up move towards 48 is possible. So price is still stuck within this range between 42 and 48. 
  • CRUDE OIL Double breakdown

  • ES 4 hour chart shows price near 50 Period SMA. This line and 2198 are crucial support levels.
  • Previous resistance zone in daily chart between 2186 and 2191 may act as strong support zone. Weakness only if daily candle closes below this zone. 
  • ES hourly cloud and 100 Hour SMA is getting tested.
  • Below the hourly cloud or 2199 weakness can set in.
  • If stays below 2199 price can slip to 2191 levels.
  • Bullishness continues if bulls manage to protect Hourly cloud.
  • EURUSD Weekend update


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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