GOLD Trend update

• No major change in the trend of gold yet. Only the weekly time frame is trying to put up a Bullish candle. For a possible weekly bounce to happen Gold bulls need to close the week higher from the current levels.
• CRUDE OIL TREND UPDATE

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CRUDE Oil trend update

 

• Crude oil daily chart did violate the recent swing low But bears were unable to close below the support zone.
• Daily trend will remain down till price stays below the cloud.
• Weekly trend can turn bullish only if it starts to trade above 54 levels till then its advantage crude bears.
• ES CUP AND HANDLE PATTERN

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ES Range and Resistance line

• ES 4 hour chart shows price moving in a range. Price for now is in the bullish part of the range. 4 Hour chart also shows price above the cloud.
• For bears there is hope as price is nearing a resistance line as shown in last chart. Since this line has worked well so far in daily time frame it may stop bulls from making bigger up moves.
• ES CUP AND HANDLE PATTERN

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BANK Nifty weekly chart analysis

• Price near major support levels like 20 week SMA and Rising up trend line. 
• For bigger up moves to happen the levels shown with two bearish candles must be crossed. Two bearish candles suggest weakness near this level. Repeated failed attempts to close above this level may give hope for bears.

ES Chart update

• ES has moved above the 4 Hour cloud
• This means price has moved out of the Daily range again. Now Bulls should take out the all time high's made recently. Only hope for bears is price failing to clear the recent High's.

APPLE Support and resistance levels

• Apple bulls need to stay above 20 Day SMA and 23.6% Fib level to extend gains.
• Fib support at 38.6% Fib level.
• 119 - 121 zone is a strong support zone for the stock. Bears of apple will remain weak above this level.

GBPUSD Targets for the Fall

 

• Daily time frame shows a  failed attempt to stay above the cloud.
• Weekly chart shows price breaking the support line of a  bearish pattern.
• Month chart is also violating support levels of a rectangle.
• Next target is at 1.44 levels. If that fails to hold Pound usd may slip towards 1.36 levels in the months to come.
• GBPUSD RISING CHANNEL BREAKDOWN

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