June 30, 2016

CRUDE Oil support and resistance levels

  • Crude oil 4 hour chart shows price falling from a resistance line
  • One hour chart shows immediate support at ichimoku cloud. More weakness only if price closes below hourly cloud.

ES Analysis before opening bell

  • ES continues to trend above 15 Minutes cloud.
  • Month chart shows candle with Long shadow which suggest a big reversal. But as this is the second Last day of the Month the reversal may not be enough. To turn the Month chart Bullish a Month close above 2100 levels is needed.