Tag: ADR targets

ES bulls are defending 2007 for a move into 2035 and 2041.50. Failure to hold above 2007 opens up a return to 1992 to 1995.

From July 09, 2015: “Bears continue to have the upper hand and are currently offering the previous week’s close of 1163.50 for a shot at breaking support through 1145, with targets at 1131.40 and 1119.50.” Gold finally reached our downside targets in one fell swoop, and bottomed out at the 1080 level. The recent impulse move from 1205.70 to 1080 could be the beginning development of a new key range. Bulls want to defend a pullback to 1186.50 for a shot at returning price to between 1142.80 to 1145.

Crude Oil bulls are defending the bottom of the 7-day trading range between 50.50 and 51.00, with targets at 52.23 and 53.50. Failure to hold above 50.50 opens up a move into 49, which will likely be defended upon first test by responsive bulls.

ES bears are currently defending the 2119 key level for a return to the previous week’s close price of 2097.75. Bulls want to defend support at 2111 for a move into 2125 and 2130.

ES bulls are looking to defend the 2115 key level for a shot at 2123.75 and 2128.25. Bears are currently keeping 5-day VPOC and yCL offered between 2120.50 and 2121 for a shot at running stops through 2115 and into 2108.75 and 2102.