CRUDE Oil resistance levels

• CRUDE oil moving towards 50 Day SMA and Golden ratio.
• Bearish cross of 50 and 20 SMA too may act as resistance for the up move.
• ES CHANNEL UPDATE

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S&P 500 Futures Chart analysis

 

• First chart of es shows price near the upper end of the channel. Having hit the resistance line a correction towards the channel support line may happen.
• Second chart shows price with channel and cloud. bears need a cloud and channel breakdown for a bigger fall to happen.

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HDFC Bank chart analysis

• HDFC Bank took support at lower bollinger band and near 50 Week SMA.
• Price also stays above the up trend line which willl keep the bullish trend intact.
• Immediate resistance at 20 Week SMA. Support at 50 Week sma.

ES Channels update

 

• ES 4 Hour chart shows price nearing the channel resistance line.
• One hour chart shows price moving up in a narrow channel.
• Last chart shows price nearing resistance line. Break below the narrow channel may result in a correction.

GOOGLE Trend update

 

• Hour chart is testing 100 Hour sma.
• Daily chart shows the Dark cloud cover pattern doing well so far. A Daily close below 20 Day SMA will add strength for the Dark Cloud cover pattern.
• Holding above 20 SMA may see a resumption of the rally in Google.