CRUDE Oil chart update

• Crude oil 4 Hour chart shows price near golden ratio and previous support level.
• 30 Minutes cloud may act as immediate support level. Weakness on price trading below this level.

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EURUSD Chart update

• EURUSD Continues to respect the support levels discussed yesterday. 
• Bears need a daily close below 200 SMA to extend gains.

NIFTY Intraday update

• NIFTY 15 Minutes chart shows price in a range. 
• Price yet to give any significant retrace yet as shown in chart 2. 23.6% and the GAP may act as immediate support levels

NIFTY Chart update

• Weekly chart continues to be strong
• Daily candle with long shadow is giving some hope for bears. But this setup needs confirmation with a bearish candle closing into the GAP shown in last chart.

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SPY Analysis after closing bell

• Daily chart shows a pause for SPY Bulls at the upper bollinger band. Weakness only if price starts to close back below 188 levels.
• Price needs to clear the contraction patter shown in chart 2 for bigger direction to be seen.
• EURUSD AT 200 DAY SMA

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EURUSD Testing 200 Day SMA

 

 

• EURUSD Testing Multiple support levels like 200 SMA and Golden ratio. Possible rising support line too is trying to act as support.
• Price has broken below the 20 Week SMA whcih was discussed earlier. If price gets support at the above mentioned levels then the weekly candle may get back above 20 Week SMA.

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ES Chart update

• ES 4 Hour chart shows price trying to sustain above the resistance zone.
• 30 Minutes chart shows cloud as immediate support