ES Analysis before opening bell

• 4 Hour chart shows price moving up from 200 Period SMA.
• Immediate resistance at 50 Period SMA and if bulls move above this line it could lead to 2273 levels. Weakness at 50 Period SMA may give an intraday sell.
• CRUDE Oil bullish price action

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CRUDE Oil Bullish price action.

• Crude oil shows bullish price action as price has moved out of the Ascending Triangle.
• 54.36  -  54.50 should be be held by crude bulls to avoid weakness. This time frame will start to favour crude bears if price starts to trade below 53.41 levels.

NIFTY 15 Minutes and One hour charts

• Nifty 15 Minutes cloud trade continues from 7959.
• Crucial support numbers in 15 Minutes are 8148 and 8134.
• Hour shows crucial high's at 8228 and 8274.
• Price sustaining below 15 Minutes cloud will hint first sign of weakness for this up move. 

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Nifty morning update

 

 

• Nifty daily moving into the daily cloud. Price likely to move towards the top of the cloud, The recent swing high is 8274. For a bigger reversal price need to stay above the cloud which is unlikely to happen.

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Gold 4 Hour Technical analysis

• Gold 4 hour staying above cloud and 100 Period SMA will favour gold bulls. Weakness in price structure only if price starts to stay below 1144 levels.
• Crucial resistance in chart is at 1167. Sustaining above 1167 will add more strength for Gold bulls for targets like 1180 and Higher. Below 1144 the recent lows are likely to be tested.
• ES Year end charts

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ES Morning update

• Price moving below crucial support levels for this time frame.
• 200 Period SMA Is the crucial moving average above which ES bulls need to stay to avoid a bigger breakdown.
• ES Year end charts

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NIFTY First Update for the New Year

• Nifty month chart shows the bounce from 7900 zone.  This is more likely to be a bounce rather than a reversal towards 8900 zone.
• Weakness may resume on any of the resistance levels shown in charts.

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