November 29, 2016

CRUDE Oil support and resistance levels

  • 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 Analysis before opening bell

  • 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 Hour chart analysis

  • 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