These is the long-term weekly chart of WTI. We can see price is holding near a very strong support level but has not quite touched it. RSI analysis tells us we can have one more leg down, but if not and the price holds we can say we have hit the bottom and price will rise gradually.
The boundaries of the playing field has been set...
This week is crucial for Gold. Either we will see price hit 1890 or this week's low will be the bottom of the swing for the price. Tolerance= 1 week (candle)
For the sellers, 1945-1948 will be of special importance.
Breakout from channel and mid-channel resistance. Target is clear in the picture (red zone) but even though it is a huge resistance I suspect price is planning to rush through it with a news break or something like that and then retrace to it.
This is a trimonthly (MN3) chart of DJI. Including 125 years of history, ALL that we have of it.
It has taken DJI 35 years to reach this giant resistance. From the mid-channel in 1988.
The divergence and weakening of momentum is obvious.
This is a closer look:
I don't see how it can cross this resistance before falling a great distance down. It is not...