ES Chart analysis

• ES one hour chart near 100 Hour SMA.
• Price is testing the hourly cloud. Falling below the cloud and 100 Hour SMA should result in a bigger correction.
• PCLN BEAR FLAG BREAKDOWN

PCLN Bear Flag breakdown

 

 

• PCLN has given a breakdown from the bear flag pattern discussed in yesterday's post.
• Price is near the Golden ratio and the Weekly up trend line.
• Breakdown below the above mentioned levels will extend the fall towards the bear flag's Target area discussed in YESTERDAY'S POST.
• Holding above the up trend line may give an up move.

CSCO Chart update

 

• CISCO is showing good upward momentum But price is moving towards resistance levels.
• The unfilled space between 17.63 - 18.48 may act as resistance.
• 100 Day SMA and the weekly Middle bollinger band at 17.61 will also try to stop bulls from making a bigger up move.
• PCLN BEAR FLAG BREAKDOWN

SILVER Resistance levels

  

• SILVER Daily chart near 100 Day SMA.
• Price trying to stay above the cloud is good sign for bulls of silver.
• Bulls of silver must break above 100 Day SMA and the resistance level of 28.45 for a bigger up move to happen.
• CRUDE OIL RESISTANCE LEVELS

TATA Steel Chart analysis

• TATA Steel hour chart shows  a bullish pattern. But one look at the bigger time frame shows clear resistance at 416 levels. Daily chart shows a GAP and 50 Day SMA at this level.
• So for tata steel strength only if price trades above 50 SMA and the GAP. Till then up moves can be sold.
• TATA STEEL LIVE CHART WITH AUTO REFRESH

NIFTY Resistance levels

• Nifty testing the falling resistance line in weekly chart.
• Weekly chart is also reacting from 100 Week SMA (5386).
• Cup and handle breakout need bullish candle with increasing volume. But we have a negative candle to start with so bulls must be careful and want price to trade above 5400 to confirm bullishness.
• CRUDE OIL RESISTANCE LEVELS