- Nifty bulls staying above 50 SMA will favor bulls to extend this up move.
- Bears have hope in Golden ratio.
- Indicators like RSI are yet to reach overbought status. So stay with the daily trend until it shows weakness. Moving back below 50 SMA will be the first signs of weakness.
- Crude oil daily chart is above 100 SMA. For an attempt to break above the daily range price need to stay above 100 Day SMA.
- 4 Hour chart is above a trend line. Bears need to stay below this for a correction towards range bottom to happen.
- ES one hour has broken above the range resistance level.
- 4 Hour chart shows price moving towards range top.
- Larger time frames are likely to remain in range.
- ES is ranging in most of the time frames.
- Hourly range must resolve for the next bigger move to happen.
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- EURUSD Weakness continues at 50 Day SMA.
- 4 Hour chart shows bearish price action.
- One hour chart is trending down below the cloud.
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- Apple testing 50 day SMA. Weakness only if price starts to trade below 50 Day SMA.
- 2nd chart shows price moving sideways in daily time frame
- Weekly chart shows the primary trend is still in force. This will weaken only if stock moves below 121 levels.
- Gold 4 Hour chart at the apex of triangle pattern. Price is testing the rising support line.
- Daily chart continues to show weakness from 200 SMA and 50% Fib level.
- 1180 levels are crucial. Closing below this level will further weaken gold bulls. Bulls need a close above 200 SMA to extend the bounce in daily chart.
