- Crude oil 4 Hour Cloud is crucial support level. Sustaining above the cloud the bullish momentum is likely to continue.
- Last chart shows the rising support line in daily time frame. Staying above the trend line price is likely to hit the 200 Day SMA.
- Immediate resistance is at 23.6% Fib level. Price is pausing at this level. Bulls need to stay above this level to sustain the up move.
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- Gold 4 hour chart shows triangle breakdown and price falling below 200 period sma
- Daily chart is testing golden ratio and Ichimoku cloud bottom. If golden ratio and cloud does not hold price may fall towards 1140 levels which was the recent swing low in daily time frame.
- EURUSD Testing resistance zone.
- Bulls here need a daily close above 50 Day SMA which has not happened for a very long time. Trend may change only on a cloud breakout.
- Immediate resistance zone at 1.10 levels.
- Gold 4 Hour managed to stay inside the triangle.
- If the Triangle does not give good direction price may remain in a range as shown in chart 2.
- Gold bears need to sustain below 200 period SMA shown in 4 Hour time frame.
- ES 4 hour chart shows price moving above one of the resistance levels.
- Daily has one more resistance level to cross.
- Gold 4 Hour chart shows price testing crucial support zone.
- More weakness if 1180 levels is broken on closing basis.
- Conclusion of above charts is that daily is looking bullish but weekly is showing big bearish possibilities. Hence the title conflicting signals ahead of quarterly results.
