CRUDE Oil Trend update

 

 

• Crude oil 4 hour chart shows price trying to stay above 4 Hour cloud.
• A Daily close above 50 and 100 Day SMA Will also favor Crude oil Bulls.
• Possible Fib resistance levels shown in last chart.
• SILVER WAITING FOR A BIG MOVE

-->

SPY Analysis after closing bell

 

• SPY closes above the resistance zone.
• Weekly chart shows bulls trying to extend the larger trend. A Weekly close above the resistance zone may lead to bigger up moves.
• Bears must hope for a negative reaction from the upper bollinger band.
• APPLE CHART ANALYSIS

-->

SILVER waiting for a big move

• First chart of silver shows price near the apex of a contracting pattern. Price is likely to give a big move soon.
• Immediate resistance at 50 Day SMA
• Crucial support at weekly lower bollinger band.

EURUSD Chart analysis

• EURUSD Testing crucial support levels.
• More falls on price falling below 20 Week SMA.
• EURUSD Bulls need a daily reversal candle here for bigger bounce to happen.

ES Resistance zone

• ES Resistance levels and Immediate support level at 30 Minutes chart

GOLD Chart update

• Gold testing 50 day SMA again.
• Daily chart also shows price nearing 38.2% Fib level  and Daily cloud which are potential resistance levels 

TATA Steel Near Resistance zone

 

• Tata Steel is likely to position itself near the resistance zone as we get close to the news event. Stocks like these are giving no clear clues. 
• Weekly chart looks bullish But the Daily chart shows a clear range, If any bad news comes price can fall back to 332 levels with ease. The margin levels for trading these instruments are also likely to increase so its time to be cautious.
• NIFTY MIDCAP 50 INDEX AND THOUGHTS ON THE ELECTION RESULTS TRADE

-->