April 2, 2014

CRUDE Oil support levels

  • Crude oil daily chart shows price pausing near 100 Day SMA.
  • 4 Hour cloud is trying to give support.
  • previous resistance level at 23.6% Fib level is acting as support.

ES Chart analysis

  • ES 4 hour chart shows price trading near resistance zone.
  • If price starts to show weakness in smaller time frame then ES is likely to remain in the range shown in 4 Hour chart.