June 15, 2016

ES Analysis before opening bell

 
 
  • ES Weekly chart shows price unable to stay in the resistance zone.
  • Month chart too shows another failed attempt to stay above 2100 levels by bulls. The monthly bearish upper shadow is likely to form again provided bulls do not put up another up move which moves past 2100 levels again.
  • Hour chart shows a bounce. Bulls need to stay above 2072 and the hourly cloud for  a bigger bounce to follow.
  • CRUDE OIL BEARISH WEEKLY CANDLE
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