April 10, 2018

CRUDE oil Bulls testing 200 SMA again

  • Crude bulls managed to hold on to the rising support line in daily time frame. Looks like another visit into the resistance zone at 66.60 is likely
  • Month chart shows another test of 200 SMA. Price most likely to move away from this crucial moving average during this month. One has to wait and see if its going to breakout or get resisted at this moving average.

ES Chart analysis before opening bell

  • Bullish consolidation continues to be valid. Weakness only if price falls below 2585 levels. Strength if price sustains above 4 hour cloud.