CRUDE Oil weekend update

• Crude oil has closed at an important area as can be seen in chart one. The resistance line of the triangle may try to support this fall. Price if falls back into the weekly triangle may give a bigger correction.
• Fib levels shows support at 23.6% Fib level.
• Channel shown in hour chart is at a crucial level. If the higher time frames give support we may see a channel breakout on the up side. on the contrary if the support level goes we may see faster falls from the current levels.
• S&P 500 WEEKEND UPDATE
• GOLD WEEKEND UPDATE

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