CRUDE , the range has been broken but the RSI and STOCH are very low, they first need some rest and time to come back to 80 and then continue the move down. That 's why the the crude should come back to 105 first.
each attempts of big moves is contained on the both sides , crude should stay in a tight range for the moment . the RSI 60 min is very low , so I would be surprised to see a retest of 112 in the next days then a big down move
the up trend on oil is now out of breath after a double bottom up and down , crude should stay neutral first (between 109-102)
yesterday, SPY entered in a negative trend that could lead him to 165's area in the next days
waiting for a rebound of Gold maybe when RSI 'll reach the 20-30 area , after that, gold should retest the 1350's resistance
after a buy signal , crude could now retests the 110 , RSI should come back to 70-75
after a 12 days rally RSI+STOCH indicators are now oversold , crude could reach 105-106 today or tomorrow before to go back to 100-101 and finally come back to this area next week
Yesterday crude made a deep retracement til 0.5 (95) , at this point, if oil stay above 95 it should come back to 99 and test the 100's resistance, he should stay in this area for while , if not it could come back in the area of 90
like he did already in the past (2008) , gold could come back to his former level (+-1350) then accelerate his rising to +-1600. if RSI continue his rebound on that segment it could be an interesting warning device
there 's a divergence appearing in th e RSI, he's now stuck at 76.4 % , should come back to 1,25
crude is in the same configuration as before, it could make soon a retracment to 90 before come back to that level
After reaching 96.77 for the second day, crude is back to 95's support. If oil crude does'nt break the 95's support , it should break the 96 resistance in a couple of days and stay in the range 95-99 til the end of the month
crude should stay in this area between 92 and 98