February 10, 2018

ES Weekend update

  • ES daily chart shows another candle bouncing from 200 Day SMA. Bullish candles at 200 SMA With long lower shadow means possible test of 2700 again.
  • Cloud at 4 hour chart may act as immediate resistance zone.

CRUDE Oil support and resistance levels

  • Crude oil month candle shows the weakness. But with many more days to go for the close of the month Only a close at the current level or lower can confirm weakness in this time frame.
  • Daily chart shows immediate support and resistance levels. 

ES Weekly target levels

  • Price likely to visit the weekly trend line and Lower bollinger band of the same time frame. Lower BB is around 2450 for the current week.
  • Pause at the lower BB may result in a bounce.