October 20, 2016

CRUDE Oil channel and resistance line

  • Weakness in 4 hour chart only if price starts to trade below the channel. 
  • Weekly chart is also testing crucial resistance zone. Crude bears need a bearish candle at this levels for a bigger correction to follow.
  • Things are simple for bulls they need to do a breakout for the weekly head and shoulders pattern .
  • S&P 500 Analysis after closing bell