CRUDE Oil cloud update

• Daily cloud trying to act as support. Price trying to move above weekly cloud. for a bigger up move price need to clear 51 levels on weekly closing basis. 

ES analysis before opening bell

 

 

• ES 15 Minutes chart trending above the cloud. Price moving towards possible resistance levels marked in 4 hour chart. 

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CRUDE oil weekly cloud resistance

 

• Crude oil shows bearish clouds at weekly cloud Top. Price need to close and sustain above the weekly cloud for a bigger bounce to happen. Unable to move above the cloud may take price towards 35 levels.

ES Testing Brexit Lows

 

• ES Daily consolidates below 100 and 200 Day SMA. 
• One hour shows price testing the recent lows. 

APPLE Price contraction

 

 

• Apple Month chart shows a Descending triangle kind of Price contraction. This pattern will be effective only if the long term trend line shown in month chart gets broken. Till the trend line stays apple bulls are safe.
• For the short term strength for bulls only if price moves back above 50 Day SMA
• SPX WEEKEND UPDATE

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GOLD Broadening pattern and resistance zone

 

• Gold weekly chart shows price trying to move out of a broadening pattern. Price need to stay above 1325 levels for another attempt to breakout of this pattern.
• Month chart shows price moving into strong resistance zone between 1340 - 1350.  A Bigger breakout in Gold only if this monthly resistance zone is cleared. 
• SPX WEEKEND UPDATE

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CRUDE Oil Weekend update

 

 

• Crude oil Daily chart continues to trade above 50 Day SMA. Hope of a bigger fall for crude oil bears only if price starts to close below this line.
• Price in weekly is trading in a 6 Point range between 45 levels and 51 plus levels. This range must be resolved on closing basis for bigger action to happen.
• Weekly chart shows a bearish PIN BAR. 2 bearish candles followed the PIN BAR Keeping the bearishness of the candlestick pattern intact. For bigger falls price has to trade below 45 levels.
• SPX WEEKEND UPDATE

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