Video Update: 8 July – emini at important support zone

Welcome to Wednesday’s video update.  This will be a short video covering the ES, Canada and crude.  In the Canada, Trader Rick goes over the weekly chart as price is in the buy zone.  The dragon pattern possibility remains.  Note where price is in relation to the back of the dragon and to the lower keltner band.  The buy signal on a weekly basis is a close above .8748.  Watch this weeks close closely!

On the weekly crude oil chart, price is now in the buy zone and rapidly approaching the lower keltner and the rising 30wma.  Watch this weeks close for signals.

Trader Rick goes over the ES as we are at an important juncture here on the daily and weekly charts.   Do you know what the level of support is?  Price is approaching this level so be sure to watch the video.  Tuesday was an outside day and was a trend day down.

Good trading!

[flashvideo width=550 height=413 filename=http://videoupdates09.s3.amazonaws.com/videonewsl070709/videonewsl070709.flv /]