November 24, 2016

NIFTY one hour and 15 Minutes time frames


  • Nifty one hour shows 50 Hour SMA as immediate resistance line for bulls.
  • 15 Minutes chart crucial numbers for the day
  • Weakness if stays below 7973 
  • 50 Hour SMA and 8048 will act as resistance levels for now.
  • GOLD at weekly support levels
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November 23, 2016

GOLD Range breakdown and Support levels

  • Gold one hour chart shows range breakdown.
  • Weekly charts are approaching crucial support levels.
  • Weekly cloud and Golden ratio at 1171 are crucial support levels.
  • GOLD Weekend update
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ES Hourly chart analysis

  • ES one hour chart shows price testing 50 Hour SMA. Rising 100 Hour SMA is the crucial support line for this time frame.
  • Hour will stay strong for bulls till price stay above the rising trend lines.
  • Crucial numbers for this time frame is 2191 and 2185
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NIFTY Chart analysis

  • Crucial support for the Bullish trend in weekly chart are shown in chart 1 and 2. Price near 50% Retrace level. Golden ratio at 7640 and the Weekly cloud combined is a big support zone for bulls to hold above.
  • Nifty looks like its trying to form a range below 200 SMA. This could wait for 50 Day SMA to move towards the price and then further breakdown can happen. Or since price has moved far away from 50 SMA a bounce towards 50 SMA is also possible. In any case for bears to extend current gains they have to move away from 200 SMA. 
  • CRUDE OIL CHART UPDATE
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November 22, 2016

CRUDE Oil Weekly range and cloud analysis

  • Week shows price in a range between 39 and 52. Within this range there is a small range between 42 and 49. Crude bulls must sustain above 49 to test the top of the weekly range again.
  • For now the 4 Hour bullish swing is getting tested. Crude bulls are safe till price stay above 4 hour cloud.
  • 15 Minutes the small time frame shows weakness.
  • CRUDE OIL Weekend update
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November 21, 2016

ES One hour chart analysis

  • First chart shows the resistance line. For the day this line is at 2188. For bulls need to stay above this line for a swift up move to follow.
  • Crucial support lines in hour time frame are 50 and 100 Hour SMA.
  • Crucial swing low in hour at 2176.
  • ES WEEKEND UPDATE
  • GOLD Weekend update
  • CRUDE OIL Weekend update
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Bank of America Chart Analysis

 
  • Bank of America has crossed the weekly and Month resistance levels.
  • Daily chart shows Run away gaps.
  • Weakness if price falls below 19.40 levels. 
  • More Strength above 20.22.
  • Month Fib levels shows next resistance zone at 22.61 which is the 38.2% Fib level.
  • ES WEEKEND UPDATE
  • GOLD Weekend update
  • CRUDE OIL Weekend update
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