- Nifty month Chart trying to make a Historic close.
- 4 Hour chart with ichimoku cloud shows the trend in force. Trend will stay effective till price stay above the cloud.
- Weekly chart shows the 200 Point Range. Price testing the upper end of the Range.
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- ES 4 Hour and Daily charts with possible resistance levels for the bounce.
- Only a Daily close above 20 Day SMA will strengthen bulls again.
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- ES Daily shows support at 50 Day SMA and 23.6% Fib level. Bears need to close below these levels to extend the correction.
- Resistance levels on the way up are the broken 20 Day SMA and Broken support zone near 2360.
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- Crude oil 4 Hour chart shows price testing the recent support zone at 47 level. Crude bears need this level to break on closing basis.
- Weekly chart too is pausing at the rising support line. Weakness here may lead to bigger correction, On the contrary this area can also act as a support zone for a big reversal.
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- Google month chart shows a Big rising wedge pattern with False upper breakouts. If This month candle closes at the current levels or lower It could take price towards the support line of the pattern.
- Daily has closed below 50 Day SMA. If price stays below this line it could lead to 200 Day SMA.
- 4 Hour chart is testing the cloud. Closing below the cloud may increase bearishness further.
- Google bulls need to get back above 50 Day SMA to avoid further weakness.
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- ES Month chart continues to look good for Bears. If closes like this or lower could lead to a Pause or correction in the following months.
- Daily chart is testing 50 Day SMA. Closing below this line can lead to further weakness.
- Immediate resistance zone is shown in 4 hour chart. Bulls need to close above this zone for further up moves to follow.
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- Crude oil bulls trying to hold above 47 levels. Mild strength if price is able stay above 48.48 and 50 Period SMA shown in 4 hour time frame. Unable to stay above this moving average may lead to a breakdown below 47 levels.
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