Daily chart of West Texas Intermediate (WTI) Crude Oil.
Yesterday, the market closed above the resistance zone at $48.19 with relatively above average volume (767,217). Turning the resistance to support zone. For 3 consecutive days the market tested the last band of the support zone at $47.01 breaking below it but at market closing time it pushed above the last band.
Is the market preparing for more upward momentum ?
Source :
1) Metastock
Daily chart of Air China Ltd.
For 3 trading days (26 May to 1 June), the stock traded and closed higher but
near or below its daily midpoint.
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please feel free to Contact Us.
Source :
1) Metastock
Daily chart of West Texas Intermediate (WTI) Crude Oil.
On 2 June (Friday), the price broke the support zone reached a low of $46.74 but at the end of market trading it pushed up and closed at $47.66. Relatively above average volume transacted (798,917) on the final day of the week.
Is the smart money has a different idea now ?
Or, a trap setup ?
Going forward, more confirmation required on price action.
S-Trader Trend Tracker daily support levels.
Resistance = $51.65
Support = $46.61
S-Trader Trend Tracker weekly support and resistance levels.
Resistance = $ 54.62
Support = $ 44.81
Source :
1) Metastock
