March 1, 2018

ES Chart analysis after closing bell

Rising wedge
Rising wedge
es daily after market
  • ES 4 hour chart shows the rising wedge breakdown. First target is around 2683 levels. Bulls may try a bounce from 2683 levels. Bigger weakness if price break and stay below 2683 levels.

CRUDE Oil testing 50 Day SMA

  • First chart shows price getting resisted at previous broken support level around 64. Price is now heading towards 60.70 levels. If daily candle closes below 50 Day SMA then a bigger fall is likely towards 100 SMA or 58 levels.
  • ES Charts after closing bell