October 4, 2016

S&P 500 Futures support and resistance levels

  • ES 4 hour chart shows price contraction. Breakout or breakdown from this pattern should takeout the Moving averages shown in daily time frame for bigger moves to follow.
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GOLD chart analysis

  • Weekly chart shows crucial support zone around 1300 levels. Gold bears need price to stay below 1300 for bigger correction to follow.
  • 4 Hour time frame is shown with 20 Period SMA. If price moves back and sustains above this line a Swing buy is possible in 4 hour time frame. For bears price need to stay below 1300 levels.
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October 3, 2016

ES Chart analysis

  • 100 Day SMA is crucial for ES Bulls to hold above. If this line is broken then price may test 2115 - 2120 zone. No worries for bulls if price holds above the discussed levels especially 100 SMA.
  • CRUDE OIL PATTERNS
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Crude oil patterns

  • Weekly chart shows the Big Inverted head and shoulders pattern in weekly chart. Crucial resistance zone for this pattern is between 50 - 51 level.
  • Daily chart shows immediate resistance at 48.75 level.  Bears need this level to hold for stopping bigger possibilities mentioned in weekly chart.
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September 29, 2016

Nifty Chart analysis

  • Nifty is testing the support line of the broadening pattern. Last time price failed to close below this line and a big up move followed towards 8900 levels. 
  • Month chart looks like its going to give its 1st bearish candle after 6 Bullish ones in a row. Provided there is no made reversal in the remaining day of the Month.
  • Weekly chart is falling from the bearish PIN BAR. Next crucial level for bears to break is the zone between 8515 and 5545. This is a possible support zone in weekly chart. If this is not held then nifty could fall below 8300 levels.
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September 28, 2016

S&P 500 Futures analysis before opening bell

 
  • 4 Hour chart shows immediate support and resistance line.
  • Daily chart shows the rising hidden support line. This blue line and the pink horizontal line around 2117 are crucial supports for ES Bulls. 
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September 27, 2016

CRUDE Oil price contraction

  • Crude oil testing crucial support line in 4 hour time frame.
  • Bigger weakness if 44 levels are not held.
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