CRUDE Oil resistance line

• Crude oil daily chart shows price pausing at the falling resistance line. Price has managed to close above 50 Day SMA and 23.6% Fib level But it has to break and stay above the falling resistance line for extending this up move.
• GOLD Resistance zone

GOLD Resistance zone

 

 

• GOLD 4 hour chart shows price violating 50 period SMA. Price need to sustain above the cloud and the resistance zone shown in last chart for a bigger up move to happen.
• ES CHART UPDATE

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ES Chart update

 

 

• ES 4 Hour chart shows price testing 100 period SMA. Price must get back above this line to avoid further fall.
• Immediate support at 38.2% Fib level. If this level does not hold price may slip towards the previous support resistance zone and 200 period SMA.
• FORD Chart analysis

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FORD Chart update

• Ford daily chart shows price getting resisted at 17.20 levels and breaking the support line of the contraction pattern.
• Daily line chart shows crucial support zone between 16.50 - 16.60. If this level is taken out on closing basis then Ford may fall towards the next support levels shown in the last chart. 
• For ford bulls must sustain above 16.50 levels on closing basis to avoid a bigger fall.
• FORD Chart analysis

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BANK Nifty Chart update

• Bank nifty daily and weekly chart nearing crucial resistance levels.

CRUDE Oil Chart update

 

• Crude oil 4 hour chart shows price trying to stay above crucial support resistance zone.
• Daily chart shows price nearing 23.6% Fib level and 50 Day SMA. Only a daily close above these levels will help Crude oil bulls to extend this up move. Unable to close above 50 Day SMA may resume the fall in crude oil.
• FORD Chart analysis

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FORD Support and Resistance levels

• Price resistance level at 17.2, Daily upper bollinger band and 50 Day SMA too is acting as resistance levels.
• Immediate support at 20 Day SMA which is at 19.96 level.
• Daily chart shows a contraction pattern which is forming after a down move so can be considered as a bearish continuation pattern on the contrary bulls need a close above 50 Day SMA and 17.2 level on closing basis for an up move to happen.
• ES Chart update

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