S&P 500 Futures chart analysis

• ES Daily chart shows price near 100 Day SMA and 20 Day SMA.
• 4 Hour chart shows price testing falling resistance line.
• So Bulls has the tough task of breaking through multiple resistance levels to extend this up move.

CRUDE Oil support and Resistance levels

 

 

• Crucial resistance for crude oil at one hour Ichimoku cloud. A bigger up move if price sustains above the cloud.
• Rising support line and 50 Hour SMA shown in second chart are immediate support levels.
• Crucial support in one hour chart at 105.50 level shown in third chart.
• ES Resistance Levels

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BANK Nifty Resistance levels and Divergence

 

 

• Bank nifty is testing 5 Day High EMA again. Last 4 attempts to cross this level has resulted in corrections.
• Current bounce is happening with Positive divergence as shown in second chart.
• Strength in BN for today only if price is able to sustain above the resistance line and 9233 level shown in last chart. Daily close above this level will add strength for BN bulls.

ES Resistance levels

 

• ES Four hour time frame is approaching a falling resistance line.
• Four hour cloud may continue to act as resistance. Price need to break and sustain above the cloud for a bigger bounce to happen.
• One hour chart as shown earlier is fast approaching the Golden ratio which may act as a resistance level.

EURUSD Trend update

• EURUSD Weekly chart shows weakness at 200 Week SMA.
• Daily chart shows price near 200 Day SMA
• One hour chart shows a bearish cross with 50 and 200 Hour SMA. Trend will continue to remain weak as long as price stays below 50 Hour SMA.

ES Violating resistance levels

 

• ES One hour chart shows price moving above the recent swing high.
• Price is also trading above 200 Hour SMA in one hour time frame.
• Next resistance levels is the Golden ratio shown in last chart. Bulls must sustain above Golden ratio to extend this up move.
• S&P 500 Weekend update
• APPLE Support and Resistance levels

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NIFTY Chart analysis

• NIFTY Week came back from the lows to close at 100 Week SMA and formed another Hammer.
• Daily chart shows price closing above 5 Day High EMA with MACD ready for a bullish cross.
• Last chart shows price near the falling resistance line from 6093 levels. Nifty must trade above the resistance line and close above 5528 for bulls to make progress.