CRUDE Oil chart analysis

• First chart shows price below 50 Day SMA.
• Chart 2 and 3 shows price testing crucial support zone. Close below 100 SMA may lead to bigger correction. For Crude Bulls price must move back above 50 SMA For resuming the bigger up moves.

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ES Analysis before opening bell

• One hour chart moving sideways in a range between 2140 and 2170. This range must resolve for bigger moves to happen.

Tata Steel Chart Analysis

• Tata Steel is moving up from its long term support of 190 levels. Price in weekly chart is out of another bullish pattern. Daily chart has a golden cross in place. There can be corrections in between But an up trend is clearly in place. Next big hurdle for this up trend will be the falling resistance line from 737 as shown in chart 2. For a bigger up move price must move above this line.
• PREVIOUS UPDATE ON TATA STEEL WITH LONG TERM SUPPORT

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