April 20, 2011

ES 15 Minutes chart

  • ES 15Minutes chart with 50 period Moving average.
  • Price is moving in a range of 1324 - 1329 after the up move.
  • Price is approaching 50 period moving average. We may see an up move from this level. For the trend to continue 1329 has to be taken out by bulls.
  • Sustaining below 50 period moving average or 1323 will favor bears for a correction.
  • GOLD CROSSES $1500/oz

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