ES Analysis before opening bell

 

• Price continues to stay below the broken range. Price closed below the 4 Hour cloud.
• If sustains below 2155 and 100 SMA this correction may extend.
• If a bounce happen the broken support levels may act as resistance.

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Nifty Intraday update II

• One hour sustaining below 100 Hour SMA is bearish. Next crucial support line is 200 Hour SMA. Trend will turn completely in favour of bears if 200 Hour SMA Is broken. If stays above it an up move is possible.
• Support line drawn in 30 Minutes is getting violated. If not held bigger falls are possible.

Nifty intraday update

• 4 Hour chart shows price violating the middle of the range. A Daily close below 8584 may strengthen bears further.
• 30 Minutes shown with possible support line. This has held so far. But price is falling fast so the chances of holding above this line is small. Bulls hoping this will be held for the day.
• CRUDE Oil Weekly Fib levels

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Crude oil Weekly Fib levels

 

• 4 Hour continues to walk down the stair.
• Weekly fib shows price nearing 50% Fib level which is around 38 levels.  Not saying its going to reverse from here. But chances of a bigger bounce are higher around 37 - 38 Levels.

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ES Chart update

• ES Falls below the range as it mostly happens after a false breakout.
• Price if continue to sustain below 4 hour cloud may result in bigger correction.

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ES Analysis before opening bell

• Price fell back into the range after false spike . This price actions sometimes results in faster falls on the opposite side.
• Price need to close below support level and 4 hour cloud for bigger falls to follow.
• GOLD SUPPORT LEVELS

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GOLD Support levels for the up move

• Gold 4 hour chart shows crucial support zone for the current up move near 1352 levels.
• One hour chart shows a range. Price for now is staying above the range. Weakness in one hour if price falls back into the range.

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