ES Triangle pattern

CHART-II UPDATED

• Price having broken 100 SMA is moving towards the support line of the triangle. 
• Support is near 1142 level approximately.

CHART-I

• For bears price need to break below 100 period sma which may target the support line of the triangle pattern.
• US DOLLAR BREAKOUT
  

US Dollar Breakout

• US Dollar has violated its 200 SMA.
• Euro has closed below its 200 SMA soUSD may continue to rise.

CRUDE OIL Falling from resistance line

CHART-II UPDATED

CHART-I

• Crude oil may fall to 83 levels if this down move continues.

Nifty Futures intraday Update

• Closing looks good for bears.
• Next support is at 4930 levels.

NIFTY FUTURES HOUR WITH 50 SMA

CHART-I

• Yesterday's up move out of the triangle is getting reversed
• Bears will be stronger below 5088  and 5070 levels.

NIFTY Daily Analysis

• Stochastic has reached overbought levels.
• Price has some more distance to go for the upper bollinger band.
• Fib levels and Gap zone shows strong resistance levels starting from 5230 levels
• But for bulls who follow the close of 5 day high EMA there is no weakness yet. Crossover of 5 day high ema above 20 day sma has down well till now.
• EURUSD AND US DOLLAR TREND UPDATE
  
• CRUDE OIL RESISTANCE LINE
  

S&P 500 Futures chart analysis

• If price continue to get resistance at 200 period SMA then a triangle pattern is possible as shown in 2nd chart.
• Price may fall towards the support line of the triangle initially before taking the next direction. 
• CSCO 100 SMA BREAKOUT
  
• EURUSD AND US DOLLAR TREND UPDATE
  

EURUSD and US Dollar Trend update

• EURUSD if sustains below 200 DAY sma will favor bears of this pair in the medium term.
• US Dollar too is testing its 200 DAY SMA.
• If this path continues we might see major trend changes for EURO and US DOLLAR.