SILVER Testing support zone

 

• Silver daily chart shows price below the support zone
• Weekly chart shows price holding on to the support zone. 

CRUDE Oil support and resistance levels

 

• Crude oil 4 hour chart shows crucial support zone. More falls only if this shaded level is broken.
• Immediate resistance at the cloud.
• Bigger bounce unlikely to happen because of the daily resistance zone.

S&P 500 Futures chart update

• ES one hour chart shows price starting to move sideways.
• 4 Hour chart shows bollinger band contraction.
• Only if the yellow shaded levels are violated on closing basis we may see bigger moves.

NIFTY Chart analysis

 

• Nifty's candle at 20 SMA is acting like a hammer like reversal candle till now.
• if stays above 7428 next target is 7504. Weakness only if price falls back below 23.6% Fib level again

EURUSD Chart update

 

• The 4 hour cloud discussed in the earlier post of EURUSD Has acted as resistance.
• Second chart shows the recent swing high too acting as resistance confluence.
• Last chart shows the big daily range below which the pair is trading now. Any up move towards the range may give selling opportunities. Bigger up moves will be possible only if price gets back into the range.

ES Trend update

• ES Getting support at the cloud and 100 period SMA.
• Negative divergence did gave a small correction but price has started to move up again.
• MACD is likely to give another lower high and before that price is likely to make newer High's.

EURUSD Chart analysis

 

• EURUSD 4 Hour chart shows price moving into the cloud which may act as resistance level.
• Staying above 50 period sma this up will continue. 
• If the up move sustains Immediate target could be the 23.6% Fib level.