CRUDE OIL Rises from the trend line

• Crude oil is showing bullishness in daily chart.
• Price took support near the trend line in daily chart and has moved up.
• Price should sustain above 89.50 for this bullishness to sustain.
• APPLE HOUR GIVES A SELL
  
  

Apple hour chart analysis

CHART-II

• Range beaks down. gives a good short trade.
• If price continue to move away from 50 hour moving average bears can extend gains.

CHART-I

• Apple falls below 50 hour moving average.
• But the range in hour chart is yet to be resolved.
• If 342.75 breaks bears may extend gains below 50 hour moving average.
• ASCENDING TRIANGLE OF ES
  

Dow Jones Futures in a rectangle

CHART-II

• Rectangle breaks in favour of bears.

CHART-I

• Dow Futures one hour chart is trading in a rectangle pattern.
• The range is between 11910 - 11970.
• APPLE HOUR CHART ANALYSIS
  

Ascending triangle pattern of ES

• ES Four hour chart with resistance area between 1296 - 1298
• Price has been trying to close above this band but is finding resistance here.
• For the bulls to move ahead price should breakout above this level and sustain there.
• If price keeps getting resisted here ES may slide back to 1290 levels.
• SILVER DESCENDING CHANNEL
  

Nifty Futures falling down in a narrow channel

CHART-III

CHART-II

CHART-I

• Nifty Futures broke the support line around 5627 yesterday
• NF fell below 5400 today.
• NF is falling down in a narrow channel. Price closing outside the channel may give a decent bounce. But till now every small rise has been sold off by the bears.
• This is a follow up post from yesterday's  INTRADAY UPDATE

Nifty Knocking the doors of bear market

• Nifty closes below 200 DMA first time after may 2010.
• Weekly chart is showing a possible bearish engulfing pattern, which will get confirmed today if the week closes below 5648. Last two bearish engulfing patterns showed in chart has given good gains.
• Bulls will try to stay above the trend line in weekly chart. failure to stay above it may push nifty down to 5350 levels.
• SILVER DESCENDING CHANNEL