My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 19, 2013
CRUDE Oil Triangle update
- Crude oil is back into the broken triangle. Price is pausing at the resistance line of the triangle. Unable to trade above 109 area may result in a fall.
- S&P 500 ANALYSIS AFTER CLOSING BELL
S&P 500 Analysis after closing bell
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4T96SJ2hLos0f6Z55jxwsAjwOQlZGTi0rWthjgY5xKuThV7R-KvEpIHjukD2yzsJNpzBycLRG_qNQ82mDhliipFcVtFcT4-pymzrpnQ4L91BezudygXkX_k8WZ1Ag5-a684TV53fG4qQ/s640/SPX+WEEKLY+CHART.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrg2LwcTPgLDuCuN4dawphuAiV7OBQdmc44EjD54dOiumt9SnEnioYsCzV641Jk354HX0V8Yy_fZC1W3vtbiZPVKQRGL6mOCwCNtavDwP5I9etH7LiCXPAqlLuRzVk62JiHP-Uz09jFUM/s640/SPX+DAILY+LINE.png)
- First two charts shows potential for bulls for bigger up moves. 1709 level may act as support during corrections. Weakness only on price falling below this level.
- Last chart shows potential resistance around 1735 levels. Closing outside this channel though means a faster up move before a correction can happen.
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