GBPUSD Multi Year support line

• GBP/USD Month time frame shown from the Lows made in 1993. 
• Price touched the support line in 1993, 2001, 2009 and Now in 2016.
• Breaking this support line can lead to long term weakness for the pair.
• Pattern also looks like a Multi-Year Head and shoulders pattern. If the Support line holds these scenarios does not come into play.

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ES support zone in daily time frame

 

 

• Zone between 2000 and 2020 is crucial for ES Bulls to hold above. 
• Bears need to close below 200 SMA Daily cloud and support zone to extend this weakness.

Nifty chart analysis

• Brexit has given huge gains for Nifty bears. More intraday weakness if stays below 7939 levels. Daily is trying to close below 50 Day SMA Bears need a daily close below this line to extend gains. Price may target the rising support line shown in chart 1 if the weakness continues.

S&P 500 Futures support and resistance levels

• ES Daily cloud is giving support. 4 Hour cloud is acting as resistance. 4 Hour chart shows a possible range between 2070 and 2090. Closing outside this range may give bigger moves. 

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Crude oil chart update

• Crude oil 50 Chart trying to stay above 50 Day SMA. Weakness returns only if price closes below 50 SMA.
• Weekly chart shows a contraction between the upper resistance zone of 50 - 51 and the rising support line. This contraction should lead to a bigger move soon.
• 4 Hour chart shows possible resistance zone.

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CRUDE Oil chart update

 

 

• Crude oil daily chart getting support at 50 Day SMA for now.
• Weekly bearish setup remains intact. The bearish inverted hammer is followed by another bearish candle.
• One hour cloud is getting tested. Price if remains below it may be followed by another wave of selling. If price manage to close above the cloud a bigger bounce from 50 SMA can be seen.

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ES Analysis before opening bell

 

 

• ES Weekly chart shows price unable to stay in the resistance zone.
• Month chart too shows another failed attempt to stay above 2100 levels by bulls. The monthly bearish upper shadow is likely to form again provided bulls do not put up another up move which moves past 2100 levels again.
• Hour chart shows a bounce. Bulls need to stay above 2072 and the hourly cloud for  a bigger bounce to follow.
• CRUDE OIL BEARISH WEEKLY CANDLE

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