under 1395 means tests of tuesday night low of 1350.50 area…gold kinda heavy.. will get heavier under 1740 perhaps…. below the Tuesday lows across the risk complex means we break into last weeks up move area.. Tomorrow also is a full moon and month end trading will be ongoing into Friday. Monday is December 3st.
Oil looks as if right should could break down into 86 of 87.90 fails… over 87.40 could pinch it a bit….
|daily ES_F continuous … note the uptrending megaphone which failed in mid october sending. This subsequently dropped us into 1340… Now we back to the ledge.. could be carving out a Inverse Head and Shoulders here…. note the two dots.. left and head red dashed support|
|1 hour CL_F H&S.. .. the right shoulder gives out u could see 86 easy.. then 84.50 if that gives out. based on momentum alone.. OR like the past 9 times this month the price may bounce quickly..|