As everyone knows oil has played a very large role in the market. The 2/11 low was on its YS1 (1 day break and recovery) and since then stock indexes have been up as well. Oil is opening above its MarP (also like most stock indexes) so this is a part of the clue for the short term - does oil rally up to its MarR1? Or fall back to MarP?
CL1 contract, weekly chart with lows bang on 1HS1 then YS1 and since then 3 weeks in a row up.
CL1 contract, medium term levels. Opening well above the new MarP at 31.49 with first resistance 36.94 at the MarR1.
CLJ6, MarP at 32.76 and MarR1 36.79.