- ES Daily is pausing at upper bollinger band
- Weakness in hour only if price falls below the cloud and crucial moving averages shown in chart 2 and 3.
- Crude oil 4 hour has violated the resistance line. If price doesn't fall back quickly into the pattern this is good news for Crude oil bulls.
- In daily time frame 66 remains crucial. Staying above this level crude bulls will keep moving higher.
- 4 hour chart shows a possible resistance line.
- For bears of CL Price should fall below 66 levels for better results.
- Staying above the daily support zone will keep CL Bulls safe.
- ES daily approaching the falling resistance line.
- One hour continues to be strong above trend line and Ichimoku cloud.
- Weakness if happens near the falling resistance line may result in correction.
- 10600 - 10630 level is likely to be the next challenge for Bulls.
- Previous resistance and Golden ratio may act as resistance.
- Nifty daily back to ichimoku cloud
- Price also nearing crucial Fib retrace levels.
- Weakness likely to resume around the current levels or close to Golden ratio.
- Daily chart shows price staying above crucial resistance zone.
- Price has to stay above 66 levels to avoid a false breakout situation which will be negative for bulls.
- Month shows price violating 200 SMA. Bulls need a month close above this line to confirm bigger strength.