ES Hour chart analysis

• This is a continuation of the previous post.
• Price has broken above the resistance line in hour chart.
• Now it has to close above 200 Hour SMA for continuing this up move.

S&P 500 Futures near resistance line

CHART-II - UPDATED

• ES unable to cross the resistance line on this attempt. Correction if limited to 50 Hour SMA we might see another successful attempt to break above the resistance line.

CHART-I

• ES staying above 50 hour moving average will favor bulls.
• But price has to break and sustain above the resistance lines for continuing this bounce.
• Failing to move above the resistance line may resume the fall.
• AAPL 200 SMA TRADE
  
  

CRUDE OIL Holding on to the support line

• Crude oil daily chart with support and resistance lines.
• Price is testing support line drawn at 75.67.
• Price is able to stay above it for now.
• Bears of crude oil need daily candle to close below 75.67 which may push price below $70
• AAPL 200 SMA TRADE
  

NIFTY Support Levels

• Important support for nifty in weekly chart is between 4675 - 4720.
• Weekly channel support line for this week is near 4600.

APPLE Near 200 SMA

CHART-II (UPDATED)

• Price went down till the 200 SMA and started to reverse.

CHART-I

• Price having broken 50 SMA is moving towards 200 SMA.
• Trend line in weekly chart looks good for bulls despite this correction.
• In the short term price momentum is with bears. 350 levels is good support area.