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PerpetualLearner
Sep 19, 2018 2:03 AM

ESZ2018 Trend analysis 9/18  Short

Crude Oil Futures (Nov 2018)NYMEX

Description

10 PM EST 9/18

Long Term trying to come down fro 6hr resistance forming a M pattern
It probably started a down swing with 6,8,10 hr support broken now taking resistance from 6 hr at 2917
12Hr support already hit three times..likely drop quite a bit from here


Short term : Should drop to 45 min support or more ( 30 min support at least) Negative ind on 30 mins

Movement range
short term : 5 min up side , 45 min down (1 hr or possible)
Medium term : 2hr support and 4hr Resistance

Confirmed : 3 min negative


Largest tf Positive Indicator : 1hr (hit target)
Largest tf negative Indicator : 1D , 30 min
Comments
thisizjp
It went exactly according to the plan. it hit the weekly target at 2940. now it is expected to come down to atleast 15 mins support.
thisizjp
ESZ is probably going to 2 weeks resistance.
thisizjp
ESZ is currently on the 8 hour resistance and is expected to come down to atleast 15 mins support.
thisizjp
Current prediction is continuing.
thisizjp
ESZ2018 exactly worked as predicted for shorter term. It took support from 15 min time frame and bounced.
It is also likely to move upto 1 week resistance at 2940 on a longer term. (if it breaks 3 hour resistance)
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