Crude oil analysis
Crude oil price trading at 49$ , it fired with full power after our buy signal yesterday . A good resistance on today’s technical chart stands at 50.20$ , if traders take this hurdle and manage to sustain trade above our resistance today . Then expect more fire in oil prices upto 51$ – 51.80$ .
A good support on daily chart stands at 48.20$ , if traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure on this major commodity prices upto 47.70$ – 47$ today .
Crude oil analysis conclusion : Trend is positive for now avoid any selling without stoploss .
Wallstreet analysis
Dow jones trading at 21770 , it crashed last night after our signal and its still trading in negative territory . A good base level on daily chart stands at 21650 , if traders take this base out and manage to sustain trade below our support today . Then expect more downside in DJIA upto 21520 – 21400 .
A good hurdle on daily chart stands at 21900 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in DJIA upto 22020 – 22170 .
Wallstreet analysis conclusion : Dowjones trend is weak for now .
More will update to our trading signals subscribers .