- Weekly chart shows support at 92 levels But it can go lower if price decides to test the Monthly up trend line. Month up trend line is around 89 levels approximately.
- Daily chart shows the failures of bulls to cross the 200 SMA and all this while the death cross was in effect.
- Crude oil 4 hour chart show s price moving in a range between 42 and 44. Bigger moves only when this range gets resolved.
- Weekly chart shows resistance at 50% fib level Once and if crude bulls passes this level the Golden ratio at 48 is likely to get tested.
- Immediate support at 4 hour cloud. Rising cloud must be broken for a possible down swing to start.
- Possible reversal pattern in one hour chart. Bullish if price moves above 200 Hour SMA and the falling resistance line.
- Weakness below 2071 as shown in 4 Hour time frame. Bullish pattern shown in one hour will be negated if price stays below 2071 levels.
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- ES Daily testing resistance zone.
- ES One hour is at 200 Hour SMA. More weakness if price starts to stay below 200 Hour SMA.
- Nifty Month chart looking bullish after price breaking above the falling resistance line. But a breakout may not mean price moving up in a straight line. It may happen rarely But many times price comes back to test the breakout line before moving up again. In this case it may take many months of sideways action before starting to trend again.
- Daily chart shows resistance at 7980 levels. If price maintains the HIgher highs and higher lows then a breakout is possible above this zone. Immediate weakness if price falls below 200 SMA on closing basis. Bullish structure is negated if price starts to trade below 7500 and 7400 levels.
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- Silver week has moved above weekly cloud. Price fell below the weekly cloud back in 2011. Weekly chart shows possible resistance between 18.60 - 19 level. For confirming a bottom formation in weekly chart price must sustain above this level.
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- SPX Daily shows bulls fighting through resistance levels.
- Weekly chart shown with the long lower tails of weekly candles when price fell below 1900 levels. These long shadows suggest strong support near that levels, But for bears there are no big upper shadows which suggests advantage bulls. Bulls hoping to see one long upper shadow here.
- Daily candle is showing slight negative divergence with Price and MACD. For this one to work price need to stay below the resistance levels discussed above.
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