April 10, 2015

CRUDE Oil chart update

  • Crude oil daily chart is above 100 SMA. For an attempt to break above the daily range price need to stay above 100 Day SMA.
  • 4 Hour chart is above a trend line. Bears need to stay below this for a correction towards range bottom to happen.

ES update

  • ES one hour has broken above the range resistance level.
  • 4 Hour chart shows price moving towards range top.
  • Larger time frames are likely to remain in range.