Crude oil Weekly Fib levels

 

• 4 Hour continues to walk down the stair.
• Weekly fib shows price nearing 50% Fib level which is around 38 levels.  Not saying its going to reverse from here. But chances of a bigger bounce are higher around 37 - 38 Levels.

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ES Chart update

• ES Falls below the range as it mostly happens after a false breakout.
• Price if continue to sustain below 4 hour cloud may result in bigger correction.

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ES Analysis before opening bell

• Price fell back into the range after false spike . This price actions sometimes results in faster falls on the opposite side.
• Price need to close below support level and 4 hour cloud for bigger falls to follow.
• GOLD SUPPORT LEVELS

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GOLD Support levels for the up move

• Gold 4 hour chart shows crucial support zone for the current up move near 1352 levels.
• One hour chart shows a range. Price for now is staying above the range. Weakness in one hour if price falls back into the range.

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