- Crude oil is at a confluence of support and resistance. If the support line shown in 2nd chart is held a bigger breakout is possible.
- Resistance line has worked well so far But after the Initial drop price is likely to test the resistance line again. One has to wait and watch if it holds or price moves past the line towards 52 levels. Weakness below 48 levels.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 3, 2017
CRUDE Oil support and resistance lines
July 27, 2017
CRUDE Oil chart analysis
- 4 Hour chart shows price breaking above a crucial resistance line. Pattern in four hour is a possible basing formation for further high's. Bullishness will sustain if price continue to stay above 48 levels.
- If price stays above the resistance line then it could target 50 and can also move towards 52 levels. Weakness resumes below 48.
July 25, 2017
Alphabet Technical analysis, Google After results
- Daily chart shows Alphabet reacting from Daily resistance zone.
- A Down swing can only happen if price sustains below the Hourly cloud.
- Weakness on hour and day on Google closing below 975 levels. Staying below 975 price may target 950 and 935 levels. Bulls need to keep price above the Hourly cloud to avoid this scenario.
July 24, 2017
ES Trend update
- ES Hourly charts continues to favour bulls.
- Small weakness only if price starts to trade below 2465 levels.
- Staying above the hourly cloud will continue to favour bulls for new high's.
July 21, 2017
ES Chart analysis before opening bell
- ES one hour shows price testing the Hourly cloud. Bears need to keep price below the cloud for bigger falls to follow.
- 4 Hour chart shows crucial levels for bulls to stay above to avoid a bigger correction.
July 20, 2017
ES Daily and Hour TF Before opening bell
- Staying above 2450 levels will continue to favour bulls of ES. Price likely to hit 2500 before it moves below 2450 level.
- Hour chart shows support at rising Ichimoku cloud. Things may turn in favour of bears only if price starts to stay below Hourly cloud. So Hourly cloud crucial support zone for bulls to hold above.
July 18, 2017
GOLD Trend update
- Gold 4 hour chart shows the starting of an up swing. This setup will remain effective till price stay above the cloud.
- Immediate resistance at 1239 levels. Above this price can target 1251 and 1262 levels respectively.
- Weakness if price starts to trade below 1226 levels.
- CRUDE OIL INSIDE AN ARC
Subscribe to:
Posts (Atom)
















