Crude oil moving back to the broken support zone

• Crude oil moving back to the broken support zone of 45.84. A bigger up move if price is able to sustain above 45.4 levels.
• consolidation at this level may resume the larger trend of CL.

CRUDE Oil Weekend update

• Possible reversal setup forming in month chart. Month if closes below 43 levels may give bigger fall for crude oil.
• Daily chart shows crucial support in Ichimoku cloud. Daily close below the cloud may result in bigger correction.

CRUDE Oil chart update

 

• 4 Hour stands below crucial support zone
• Price moving sideways after violating the support zone. Further correction if price moves below 44.78. If price moves back above 45.96 levels crude bulls may get some relief.
• ES Resistance Levels

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ES Resistance levels

• ES 4 Hour chart and Weekly chart with resistance levels. 

CRUDE Oil fast fall

• Crude oil one hour chart shows price falling fast towards the crucial support zone.
• Hourly close below 4584 levels may lead to a bigger fall in crude oil.

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GOLD Chart update

• Gold week chart shows price moving up from broadening pattern.
• Price moving towards a possible resistance line in Month time frame. Month candle should hit the resistance line around 1400 levels. Bigger move for gold only if price is able to stay above this line.
• CRUDE Oil Testing support zone

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CRUDE oil Testing support zone

 

• 15 Minutes continues to trend below the cloud. 
• 4 Hour chart shows price at crucial support zone. Breaking this may lead to bigger correction in crude oil.

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