- Bulls are pausing at previous resistance zone around 10600 - 10630 levels.
- Daily cloud is acting as resistance for now.
- Hour continue to look good for bulls. Hour trend must snap and a cloud break needed for bears to start getting excited. Till then bulls in control.
- ES Daily is reacting from the triangle resistance line and Upper bollinger band.
- Next support in daily chart is the middle bollinger band near 2645
- Hour is starting to look oversold so bulls can expect an intraday bounce. Bears may take control towards the end of the day.
- ES Daily is pausing at upper bollinger band
- Weakness in hour only if price falls below the cloud and crucial moving averages shown in chart 2 and 3.
- Crude oil 4 hour has violated the resistance line. If price doesn't fall back quickly into the pattern this is good news for Crude oil bulls.
- In daily time frame 66 remains crucial. Staying above this level crude bulls will keep moving higher.
- 4 hour chart shows a possible resistance line.
- For bears of CL Price should fall below 66 levels for better results.
- Staying above the daily support zone will keep CL Bulls safe.
- ES daily approaching the falling resistance line.
- One hour continues to be strong above trend line and Ichimoku cloud.
- Weakness if happens near the falling resistance line may result in correction.
- 10600 - 10630 level is likely to be the next challenge for Bulls.
- Previous resistance and Golden ratio may act as resistance.
