- ES daily chart shows another candle bouncing from 200 Day SMA. Bullish candles at 200 SMA With long lower shadow means possible test of 2700 again.
- Cloud at 4 hour chart may act as immediate resistance zone.
- Crude oil month candle shows the weakness. But with many more days to go for the close of the month Only a close at the current level or lower can confirm weakness in this time frame.
- Daily chart shows immediate support and resistance levels.
- Price likely to visit the weekly trend line and Lower bollinger band of the same time frame. Lower BB is around 2450 for the current week.
- Pause at the lower BB may result in a bounce.