- Nifty Daily has a 50 Point GAP between 8460 and 8510. If Price takes out the recent high's again this GAP is likely to be filled.
- Weakness if price falls below 8373 and 50 Hour SMA on closing basis.
- Bulls on larger time frame need a close above 20 Week SMA to gain further momentum.
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- EURUSD Daily is above 50 Day SMA.
- If price sustain above this line its likely to target 1.0760 and 1.0860 levels soon.
- Weakness resumes only if price falls back below 50 SMA again.
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- Crude oil bulls managed to sustain above crucial support zone of 52.09
- Price for now is staying above 100 Period SMA. 53.50 Is a possible resistance zone. If stays above this level then Crude may target 54.30 levels. Weakness here may take price back to 52.09 levels again.
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- First chart with Higher Highs shows 8449 as the next level to continue the trend. More strength for bulls if stays above this level.
- For Hour weakness starts below 8373 and the rising 50 Hour SMA.
- 30 Minutes cloud shows price riding the trend. Bulls safe till price stay above the cloud.
- GOLD Weekend update
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- Silver daily moving towards 100 Day SMA. Bounce can extend only if price is able to move above 100 SMA. Weakness resumes if daily falls below the trend line.
- Weekly chart shows clear down trend in place. Price resuming down trend after small bounces. For now 15 Plus levels is holding. One has to wait and see if this turns out to be a weekly reversal or bears resume the down trend by breaking below 16 again.
- GOLD Weekend update
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- ES 4 Hour chart shows resistance level between 2274 - 2278.
- Immediate support line at 50 Period SMA. This line is getting tested now. If price sustains above this line an up move towards the resistance zone discussed above is possible.
- Staying below 50 Period SMA Can take price below 2260 and lower levels.
- GOLD Weekend update
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- As chart 2 and 3 shows the Trend of gold is clearly up But Weekly chart is testing a crucial resistance line. Gold bulls must close above 100 Week SMA to keep the reversal intact.
- Crucial numbers for next week are 1207 at the Top and weakness if stays below 1185 levels.
- CRUDE Oil weekend update
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