CRUDE Oil price contraction

• Crude oil 4 hour chart shows price in a triangle shaped contraction. Violating the lines and the levels shown in chart 2 on closing basis may trigger a bigger move in crude oil

Nifty chart analysis

• Nifty daily time frame shows a Golden cross in play. Last Golden cross gave good gains for Nifty bulls.
• 2nd chart shows weekly chart testing crucial swing high around 8336 levels. Price if pauses here can give negative to sideways movement.
• Daily close back below 8285 levels may also result in bearish price action

-->

ES Weekend update

 

 

• ES 30 Minutes cloud continues to support ES Bulls.
• One hour chart shows the entire Brexit fall Getting reversed. The reversal is not showing any weakness yet. 
• Price moving into strong resistance zone in week and month time frame.

-->

GOLD Broadening pattern Update

 

• Gold weekly shows price trying to stay above the resistance line of a broadening pattern. Month chart shows price moving into stiff resistance zone. Gold bulls need a monthly close above 1350 levels to keep the bullish momentum intact.

ES Analysis before opening bell

• ES 30 Minutes cloud continues to act as support. Bears must break below the cloud for a bigger correction to follow. Till price stay above this 2100 plus levels are likely.
• Daily chart shows price nearing cluster of resistance zone.

CRUDE Oil support and resistance levels

• Crude oil 4 hour chart shows price falling from a resistance line
• One hour chart shows immediate support at ichimoku cloud. More weakness only if price closes below hourly cloud.

ES Analysis before opening bell

 

• ES continues to trend above 15 Minutes cloud.
• Month chart shows candle with Long shadow which suggest a big reversal. But as this is the second Last day of the Month the reversal may not be enough. To turn the Month chart Bullish a Month close above 2100 levels is needed.

-->