- Crude oil daily chart testing its 200 Day SMA.
- IF Crude bulls fails protect 200 SMA then price may fall to 42 - 43 zone.
- If price stays above 200 SMA then an up move towards 48 is possible. So price is still stuck within this range between 42 and 48.
- CRUDE OIL Double breakdown
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- ES 4 hour chart shows price near 50 Period SMA. This line and 2198 are crucial support levels.
- Previous resistance zone in daily chart between 2186 and 2191 may act as strong support zone. Weakness only if daily candle closes below this zone.
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- ES hourly cloud and 100 Hour SMA is getting tested.
- Below the hourly cloud or 2199 weakness can set in.
- If stays below 2199 price can slip to 2191 levels.
- Bullishness continues if bulls manage to protect Hourly cloud.
- EURUSD Weekend update
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