- Crude oil 4 hour chart shows price near resistance zone between 32 and 33.
- Weekly chart shows a wedge pattern which may have given a false breakdown. If price gets back into the weekly pattern there could be bigger up moves
- ES 4 hour trying to stay above the cloud.
- 1 Hour chart shows a possible resistance line. Possible bigger bounce if price breaks and sustain above the resistance line.
UPDATED CHART FROM ABOVE
- 4 Hour chart approaching resistance area But price yet to show weakness.
- One hour time frame is showing a possible reversal Pin Bar candlestick. Further weakness on hour closing below 31.40 levels.