March 7, 2014

CRUDE Oil support levels

  • Crude oil daily chart shows price Bouncing from support confluence. Further weakness only if price closes below 200 Day SMA.

ES Chart update

  • ES moving in a channel
  • 30 Minutes and one hour time frames shows cloud and 50 Hour Moving average as crucial support levels.

NIFTY Chart analysis

  • NIFTY Daily chart on closing basis shows price outside the range. But the actual range is yet to break. Bulls must stay above 6415 level for sustaining the momentum.
  • Weekly charts are yet to show any weakness. weekly indicator is yet to reach overbought levels. Candles are yet to show weakness.