- Crude oil weekly reversal continues in favour of weekly bulls
- Daily is testing 50 Day SMA. Bulls need a daily close above this line to extend this up move.
August 15, 2016
CRUDE Oil testing 50 Day SMA
ES Chart analysis
- ES 4 hour continues to stay below the resistance line discussed last week. 2nd chart also shows a rising support line making a price contraction which may result in bigger moves either side.
- Immediate support levels shown in one hour chart are 2175 and 216 levels.
- CRUDE OIL WEEKEND UPDATE
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