CRUDE Oil breaking support levels

 

• First chart shows a failing ascending triangle.
• Second chart shows possible support zone at 86.90 - 87.70
• Third chart shows 50 Day SMA moving away from 200 Day SMA Which may cause a fast fall in Crude oil.

APPLE Trend update

 

• Apple doing an oversold bounce which may stop at the broken 100 Day SMA.
• Hour shows price moving down in a channel
• Hour trend will remain down as long as price sustains below the cloud.
• QQQ WEEKEND UPDATE

NIFTY Chart analysis

• Nifty in a trading range between 5630 - 5740
• Weekly indicators are at overbought levels but yet to trigger a sell so the larger time frame buy's are still intact. So one should wait for a close below 5630 for further selling. Close above 5740 may resume the up move possibly towards the resistance line shown in the second chart.

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ES Chart analysis

• Price falls to the support zone in four hour chart.
• Daily chart also shows price testing crucial 23.6% Fib level.
• Hour chart shows price below 78.6% Fib level. Breaking above this level could give a small bounce towards broken Golden ratio. Sustaining below 78.6% Could break the previous swing low.
• DOW JONES WEEKEND UPDATE
• QQQ WEEKEND UPDATE

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COCA COLA Bear Flag Update

• Coca cola continue to move down from the bear flag pattern.
• Price has also violated the support line of a contracting pattern.
• Price is about to test 200 Day SMA. For bigger falls price must close below 200 Day SMA. 50 sma is acting as stiff resistance level.
• DOW JONES WEEKEND UPDATE

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