Crude oil analysis
US crude oil prices trading in some minor red at 51.65$ . A good support on daily chart stands at 50.90$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 50.30$ – 49.80$ today .
A good resistance on daily chart stands at 52.20$ , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect good recovery in this black gold upto 52.80$ – 53.50$ .
Crude oil analysis conclusion : Trend is flat to weak for now , trade with strict stoploss .
Wall street analysis
Dow jones trading near its lifetime high at 22425 , It might test its lifetime high near 22500 again or even may test new lifetime high today . As said earlier DJI is in uncharted territory so better stay away from this major index . However a good base level on daily chart stands at 22270 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major indices upto 22150 – 22020 today .
A good hurdle on daily chart stands at 22560 , once traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in dji upto 22660 – 22770 .
Wall street analysis conclusion : Dow jones trend is positive for now . Avoid any sell trade .
More will update to our trading signals subscribers .
Weekly analysis of gold & silver here