- Crude oil Daily violates 200 Day SMA. Bigger weakness only if Daily candle sustains and closes below this moving average.
- 4 Hour chart shows the trending down move. Price continues to create new lows in hourly time frames.
- The bearish PIN BAR Formed few weeks back looks so good now.
- ES FALSE BREAKOUT
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- Gold 4 hour chart shows a steady up move in gold. Immediate weakness in short term charts if price trades below 1352 levels.
- One hour chart shows a possible pennant which is a trend continuation pattern.
- ES FALSE BREAKOUT
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- 4 Hour candle closing back in to the rectangle will favour bears as it will confirm a false breakout. But bears need to take price below 4 Hour cloud to confirm weakness.
- APPLE WEEKEND UPDATE
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- 4 Hour chart shows a bounce is it a dead cat bounce?. More strength for the bounce if it sustains beyond 41.70 levels.
- Daily chart shows bears unable to break below 200 SMA. More strength for bears only if they are able to break and sustain below this crucial moving average.
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