ES Trend update

CHART-II

• First hit at the trend line shown below gave an up move. Price hitting the trend line again.

CHART-I

• Above mentioned levels may prevent a bigger fall for now. Bears need hours to close below these levels.

EURUSD Support and Resistance levels

• EURUSD at 100 SMA and above 38.2% Fib level.
• Daily closing above 100 SMA will give momentum for the Inverted Head and Shoulders pattern.
• Falling below 38.2% may trigger a sell.

SPY Week and Daily chart analysis

• SPY Week on closing basis shows resistance level between 134 and 136.
• week closing above 136.4 will keep the bullishness alive. Staying below 134 will keep bears interested. 
• Daily chart shows negative divergence But price need to close below 10 day EMA for triggering a bigger correction.
• SILVER at 200 SMA
  

SILVER at 200 SMA

• Silver daily chart near 200 SMA.
• For the up move to continue daily candle should close above 200 SMA.
• Bearish Daily candle at 200 SMA will result in a correction. Staying below the horizontal support line at 32.94 may give a bigger fall in silver.

CRUDE OIL Channel update

• Crude Oil moving up towards channel resistance line.
• Price is also moving away from 50 Day sma.
• Up move will sustain on closing above the channel resistance line.
• Getting resisted at channel resistance will take crude oil back below 50 Day SMA again.

NIFTY Futures intraday update

CHART-II

• False spike above the range. NF Falls back into the range

CHART-I

• NF is in a range between 5332 - 5414
• 2nd chart shows price contraction in an ascending triangle like pattern. Breaking support or resistance line of this pattern may give good direction for NF.

SBI Resistance levels

• SBI pausing near 50 Week SMA. 
• This is also the Golden ratio level for the fall from 2529 - 1571.
• So for bulls to continue this up move a week need to close at its high. A bearish weekly candle might result in a pull back.
• MACD histograms in daily has started to diverge. But price yet to confirm weakness, It need to close below 10 Day EMA for an extended correction to happen.
• CNX IT NEGATIVE PRICE ACTION