CRUDE Oil Hour Day and Month charts

 

 

• Crude one hour chart shows price below a falling resistance line. 
• Daily chart is shown with a possible reversal candle pending daily close. A daily close at the current levels or higher may result in a bounce.
• Month chart shows price action happening below Multi-year support zone. Staying below this Crude bulls will remain strong.
• ES CHART ANALYSIS

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ES testing the Lows

• Price testing recent lows. Weekly chart seen testing crucial support zone. Bears need a weekly close to confirm breakdown from the Topping pattern. Bulls need to hold above this zone for a bounce which is likely to keep price within the bearish topping pattern.