Triangle of CRUDE OIL

• Crude oil in a symmetrical triangle pattern.
• Resistance levels is near 88
• Main support at 79 levels.
• So breakout should takeout these levels for bigger moves to happen.

SILVER Resistance level

• Silver hour chart with 200 Hour moving average.
• Attempt of bulls is getting rejected at 200 Hour moving average.
• Bigger up move will happen only if price is able to break above 200 Hour moving average.
• Falling below 39.90 levels will favor bears.

SLV Trend update

• If SLV is to move up from here it has to break above the 50 Hour moving average and stay above 40.37 levels.
• Price is moving in a range. Price staying above 40.37 will favor bulls
• Price staying below 50 Hour moving average will favor bears.

ES Triangle

CHART-II

• Price having taken support near the support line of the triangle is back near the resistance line. If the line gets tested the momentum looks good enough to give a breakout on the upside.

CHART-I

• ES Four hour chart in a triangle pattern.
• This consolidation is taking place after a big down move. So this can be classified as a bearish consolidation pattern.
• A clear trend would emerge if ES breakout above 1188 or break below 1111.
• Price staying below 50 period moving average will help bears.
• PIN BAR OF S&P 500
  

NIFTY Hour chart update

• Nifty breaks the recent low of 4796 and gave 4720 for bears.
• Now nifty continues to be weak, will make another low when 4720 gets broken.
• For bulls price has to go back and close above 4796 again for strength to return.

NIFTY Positive divergence

• Nifty hour with positive divergence
• Price making lower lows while macd bars making higher low.
• But price may go down further before turning up again.

NIFTY intraday Update

• Nifty is sustaining below the resistance line shown in hour chart.
• Price is also trending down below 50 Hour moving average
• Turnaround might come if nifty is above to stay above the resistance line and close above 50 Hour moving average.

SBI Chart Analysis

• SBI Continues to be in a strong down trend.
• Range breakdown will cause more pain for the bears of SBI.
• Stock is oversold but the bounce is not happening.
• Price is trending down below 10 Day moving average. 
• Closing above 10 Day SMA may show hints of a turnaround till then its better to stay short.

NIFTY indicator status

• Monthly chart shows that this fall is likely to be stopped at or near the lower bollinger band in monthly chart.
• Weekly RSI has also gone below 30% line
• We will know the reversal signs from Daily chart were the stochastic is refusing to move above 20% line so far.