Premarket 18/05/2016

Hi everyone,
Today the markets looks bearish, so is a good day to see a reversal on the market.

CL.
Yesterday the Crude Oil reversal at 49,50 and the price reached 47,45 now the price is moving out the bearish channel. If the price goes above 48,00 we can see a new highs today. If not, the support is 47,00-46,50. I don't expect a close belows this level.


TF:
Bearish market too, and the chart shows us a relevant support at 1090, If the price lost the yellow line we can expect new lows. If we see the price out the bearish channel and a close above 1100 we will see new highs for today.


YM:
The price is sideways the support is set at 17400 and the resistence 17500. I a large range but should wait until the price goes above or below. Right now the price is moving in the bearish channel but the main movement is sideways and we should wait a breakout.


NQ:
Another sideways market, despite the market is moving inside the bearish channel. If we see a close below the level 4300 we will see new lows. I don't expect a new highs in this markets because the Nasdaq is very bearish.


In a nut shell all the markets look bearish and we should wait for a confirmatión to get short. If we see a breakout above the resistence we should look for long positions.

Good Bye and Good Trading.

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