March 7, 2016


  • ES bulls continues to trend above the rising support line. Daily shows price near 200 Day SMA. If weakness returns near 200 SMA the bigger correction may start.

  • Crude oil testing crucial resistance levels in daily time frame. Falling resistance line and 100 Day SMA may try to help crude bears.
  • Month chart shows a possible reversal set up. But bulls need to stay above January month high which is 38.39 for bigger up moves to follow.

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore