October 25, 2011

ES Trend update

  • ES Daily chart shows price getting resisted near previous support area. Daily candles are not able to close above this line.
  • For bulls price has to close the day above this level for continuing the up move which is going to be tough for bulls.
  • Four hour chart shows the up trend line and Horizontal support line which are important for bulls to hold.
  • CRUDE OIL BREAKOUT

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