October 10, 2011

ES Daily chart Analysis

  • ES is in a neutral area with both bullish and bearish possibilities from here.
  • Overbought indicators and 50 Day SMA is suggesting a correction But price sustaining above 50 SMA will favor bulls for extending this up move.
  • Price breaking above the resistance line too will favor bulls.
  • GOLD NEAR RESISTANCE LINE
  • SILVER RESISTANCE LEVELS

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