CRUDE OIL Support and Resistance lines

• Crude Oil four hour chart shows price converging towards the apex of  a consolidation pattern.
• Price is trading between 79 - 89 levels.
• So breakout or breakdown from the pattern shown above should take out either 79 or 89 for bigger moves to happen 

S&P 500 Futures Hour chart analysis

CHART-III

• Price has rallied to the upper end of the range.
• If hour does not close above 1153 we may see a correction here.

CHART-I

• ES is still stuck in a range.
• 50 Hour moving average is not showing any trend.
• Price has to stay below 1111 or above 1153 for bigger moves to happen. 
• SILVER CHART UPDATED
  

Silver Broadening pattern updated

CHART-III

• To extend profits bears shall stay below 42.25 level.

CHART-II UPDATED CHART

CHART-I POSTED YESTERDAY

• Silver is trying to hard to stay above the broadening pattern.
• But attempts of bulls to stay above 44 is being rejected.
• As discussed in the previous post on silver Price falling below 42.25 will strengthen bears of silver.
• CHANNEL OF PLATINUM
  

NIFTY Trend update

• Nifty hour chart knocking at 50 Hour moving average.
• This up move will continue only if price is able to close above this moving average.
• Remember last time hour closed and traded above 50 Hour moving average was at 5600 levels.

NIFTY Daily Analysis

• Nifty has given an up move. 
• Up move might pickup momentum above 4932 levels.
• If this continues above 4932 then price may target the 5 day High EMA at least.
• One shall remember the larger trend in mind before trying to take large long positions.
• S&P 500 INTRADAY UPDATE
  
• CHANNEL OF PLATINUM