CRUDE OIL Back to the breakout level

• Crude oil has corrected back into the Ascending triangle pattern.
• If it is a dip towards the breakout level Then correction will be limited and crude may go above 106.94 again.
• If Price sustains below 106.94 level it will be negative for Crude oil.

ES Hits 50 day moving average

DAILY CHART

15 MINUTES CHART

• ES Daily chart with 50 day moving average.
• If Price does not Break 50 DMA soon we may see a bounce from this level.
• Price in 15 Minutes chart is near its 50 Period moving average. If price sustains above 1314.50 a bounce is possible.
• Staying below 1310 will favor bears.
• SUPPORT LINE OF APPLE
  

SHOOTING STAR of CNX - IT

• Weekly chart of CNX - IT has given a shooting star candlestick pattern.
• Price got resisted near 78.6% Last week and closed near 61.8% Fib level. If price continue to stay below the golden ratio we may see a correction in this index.
• Bearish candle has formed below the Broken weekly trend line which can act as resistance.