- Crude oil four hour chart shows a triangle breakout.
- Daily chart shows price above 100 SMA. Bulls need a daily close above this level. Next resistance is at 93.22 level.
- Price is also testing 50% fibonacci level.
CRUDE OIL Update
EURUSD back to the resistance levels
- EURUSD Near resistance zone.
- Price is also testing 50 Day SMA and the falling resistance line.
- Bulls need a daily close above these levels for the bullishness to sustain.
- Failing to close above these levels could give another fall.
S&P 500 Futures resistance levels
- ES Near falling resistance line, Crucial fibonacci level and horizontal resistance line.
- Above mentioned levels may stop bulls from bigger gains. But the rising support levels will keep the bulls interested.
- CRUDE OIL DESCENDING TRIANGLE
CRUDE Oil Descending triangle
- Crude oil four hour chart shows a descending triangle pattern with support at 86.90.
- Break below 86.90 would find support at 50 Day SMA.
- A bigger breakout may happen only if the 100 SMA or 50 SMA gets broken on closing basis.
TATA STEEL Chart analysis
- Most of the big moves are getting resisted at 50 Week SMA.
- Daily chart is showing resistance at 50 Day SMA.
- Crucial support for the stock in weekly chart are 388 and 382.
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