Punjab National Bank Month chart Analysis

• Punjab National bank Month chart shows support at 69 levels if that is not held then 57 levels are possible. 57 Levels are last seen in Year 2009. For long term bulls of the stock crucial to stay above 57 levels.

BELOW ANALYSIS WAS MADE IN FEBRUARY 2018. A BEARISH "M" WAS SEEN IN CHART @ THAT TIME 

Previous Anlaysis of PNB: Link

CRUDE Oil trend update | 200 SMA and Month resistance lines

• Daily trend continues to favour bulls. 3 times price tested the cloud But bulls managed to hold one. Larger trend will remain safe till price stay above daily cloud.
• Month chart with Fib levels shows a possible target between Golden ratio and 78.6% Retrace level. This level also coincides with some of the falling resistance lines from 147 levels.
• But major event to look out is the move above 200 SMA. In Month time frame this event results in Major directional moves.

ES Chart analysis before opening bell

• ES Daily shows triangle breakout. But Bulls must stay above some more hurdles to claim it as a genuine breakout. Bulls are also not showing enough momentum yet. Having said that staying above 2720 levels can given them momentum.  Bears may look at a double top opportunity around  2720 levels. 

ES Charts after closing bell | Triangle and Moving average

• Price continue to stay in the apex of the pattern. Looks like it will move to the edge of the Apex before a breakout or breakdown could happen. Since its a triangle false moves are very much likely to be seen.
• Overhead resistance at 50 and 100 SMA. Close above these lines may hint of strength. Remaining below it will favour bears.  

CRUDE Oil chart update | support zone and 200 SMA

• Crude oil bulls will remain strong above 66 Levels. More important Bulls will remain strong above 200 SMA (Month).
• April month candle trying to close above 200 SMA. If successful it will be a crucial event for short term crude oil prices.

ES Analysis after closing bell | One hour resistance areas

• Price testing one hour cloud.
• One hour also shows price nearing 100 Hour SMA and Golden ratio which may act as resistance levels for bulls.

ES Daily one hour and 30 Minutes charts

• Daily chart shows the down swing. Possible targets or support levels are 2590 and 2550 levels.
• One hour stands below the cloud. Bears safe till price stay below hour cloud.
• 30 Minutes chart shows resistance level for the day. Bulls need to stay above 2639 levels for a possible bounce.