- 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.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 4, 2016
S&P 500 Futures support and resistance levels
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.
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
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.
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.
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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