CRUDE OIL Chart analysis

 

• Crude oil daily chart in a crucial range around the 200 Day SMA. Breakout or breakdown will take Crude oil away from 200 SMA and may give a trending move.
• For bears of crude oil must trade below 50 Day SMA for a bigger fall to happen.

S&P 500 Futures chart analysis

• ES Daily chart getting support at the breakout level.
• 1 Hour chart shown with fibonacci level. Bears need to break 38.2% For a sell trade.
• For bulls sustaining above 50 Hour SMA should give a long trade.
• APPLE HOUR CHART ANALYSIS

SBI Chart Analysis

 

• Crucial support for SBI at 1802. Closing below this level could take SBI towards 1761 and 1705 levels.
• Resistance levels are 1914 and 1936. Sustaining above these levels could take SBI above 2000 again.
• Oversold stochastic will favor bulls only if SBI trades above 5 Week High EMA(1936).

APPLE Hour chart analysis

• APPLE Hour testing the cloud and 100 Hour SMA.
• Next support in hour chart near 655 - 657 levels.
• Sustaining below 100 Hour SMA may lead to 655 levels.

GOLD Trend update

• Gold four hour chart shows it making newer highs without major corrections.
• Daily chart is pausing at 78.6% Fib level. Breakout above 1741 should target levels like 1763 and 1790. Weakness only on sustaining below 1716 levels.
• Weekly chart shows crucial resistance just above Golden ratio. Last two major attempts to move up has failed near this level.
• BAC WEEKEND UPDATE

EURUSD Chart analysis

 

• EURUSD Day is closer to the falling trend line in daily chart.
• Daily chart is also testing 200 Day SMA.
• Last chart shows price breaking above a  channel. Price falling back into the channel will be negative . rising support line and 20 SMA are crucial support levels.
• BAC WEEKEND UPDATE

NIFTY Chart analysis

• Nifty daily chart shows a range of 5215 - 5448
• For bulls upward momentum will be intact above 20 day SMA
• 2nd chart shows price getting support at the rising support line. The bullish cross of 20 and 50 Day SMA doing well. Price staying above 20 SMA will extend gains for bulls.
• 3rd chart shows price between fib levels of 38.2% - 50%. Last chart shows a possible resistance line in weekly chart which may stop bulls from making bigger gains.