March 23, 2011

ES Hour chart analysis

ES HOUR CHART
  • ES Hour does a bullish moving average cross. 50 is above 200 hour moving average.
  • Now for bulls price should not dip below 200 hour moving average. Closing below 200 hour moving average will turn things in favor of bears.
  • Price sustaining above 50 hour moving average can give an up move towards 1296.
  • Price slipping below 50 hour moving average will be negative for the bulls.
  • CRUDE OIL CHART ANALYSIS

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