A.M. Look 8/23/16

Oil..this is back to a tale of two charts. 44.40-60 matrix # lines up with a daily 50 DMA, while a continuation chart shows the 50 DMA @ 45.57.
Both levels are bounce zones.
DE…Friday’s opening range trade winner needs time to digest. 90.60 is first monthly resistance. 85.20 is cloud support.
MON +4% & BBY +15% are both moving in pre-market.
Both will be price action trades during the New York session.
MBLY…held its momentum #’s the past few sessions and looks to gap up a few %.
NZDUSD…The Kiwi put in a new high for the month by a few ticks. You need to be cautious about chasing a new high as it has the potential to be a bull trap.
Long term resistance is @ 75.40.
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