- Netflix Month chart shows price violating another resistance zone.
- NFLX Bulls need price to close the Day and Week above 133.50 plus levels.
- 15 Minutes cloud is the immediate support for this bullish move. Below the cloud Weakness starts.
- ES Analysis before opening bell
January 6, 2017
- Along with 200 Day SMA The 8300 zone has other resistances as shown in Daily line chart. So Bulls need to do a Daily close above 8300 zone to keep this bullish move intact.
- The horizontal resistance line and the Falling resistance line makes a confluence of resistance But its not that negative for bulls yet because if a daily close above this confluence happens it could be very bullish. On that contrary Bears are looking for a bearish candle at this resistance zone.
- 15 Minutes is yet to break below the cloud. First signs of weakness only if price starts to trade below 15 Minutes cloud.
- Nifty Morning update
- Gold 4 hour shows major levels on chart. sustaining above 1180 should push the price towards 1196. Weakness could take price back towards 1167 levels.
- Weekly chart shows price moving towards the Broken support zone at 1200. Being a round number this area will be crucial for gold bulls to break and stay above.
- One hour chart shows the bullish structure intact in smaller time frame. Weakness starts if this structure is violated.
- CRUDE Oil chart analysis
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