CRUDE Oil near 100 SMA | Triangle pattern

• Crude oil daily chart is near its 100 SMA again. 
• Price is also showing a triangle pattern.
• Bigger weakness can be confirmed if price starts to close below 100 SMA.

ES Charts after closing bell

• ES Daily has a triangle shaped contraction. Price for now is near the resistance line of the pattern. If gets resisted here then price is likely to remain in the pattern for some more time which will make the breakout more powerful.
• Right now price is trying to stay above 50 Day SMA. More strength if price stays above 2755 levels. Immediate resistance levels at 2755 and 2790.

NIFTY Bounce at 200 SMA and 30 Minutes charts

• Daily chart shows a bounce from 200 Day SMA. For now its just a bounce. More confirmation needed to confirm a possible reversal.
• Bulls in 30 Minutes is trying to change direction. Bulls must move above the cloud to confirm strength in this time frame.

ES Charts before opening bell

• ES daily stuck in a range between 2650 - 2790. 
• 50 Day SMA is at the middle of the range. Yesterday this line acted as resistance. Bigger moves for bulls will not be possible till price stay below 50 SMA.

NIFTY Bear Flag and 200 Day SMA

• Nifty bear flag breakdown. Normal target for this pattern is the length of the pole. But the presence of 200 SMA may help bulls to limit the damage. Bigger correction only if day starts to close below 200 Day SMA.
• NIFTY Month bearish engulfing

ES One hour and 30 Minutes charts

• first chart is the 60 Minutes time frame which shows levels for both bulls and bears.
• 30 Minutes chart shows bulls trying to change direction. Price has to sustain above 30 minutes cloud for a bullish swing to happen.

NIFTY Chart update

• Nifty daily chart shows price testing the support line of a bearish flag pattern. Even if price does manage a bounce from here its still in a bearish continuation pattern.
• Crucial numbers in hour chart are 10324 for bears and 10376 for bulls.