S&P 500 Futures support level

• ES Hour chart with support at 1251.50
• This level has to break convincingly for bears to extend gains.
• This level was broken once which gave 1245.50 levels.
• If price takes support here we may see 1255 again.
• SILVER RESISTANCE LEVEL
  
  

SILVER Resistance level

CHART-II

• Silver triangle breakout has given a good long trade. Price failed to sustain above 30.750 level which was discussed in the below chart.
• Price may do a retrace of the breakout before going up again.

CHART-I

• Silver four hour chart shows a triangle pattern breakout.
• Price may find resistance near 30.750 area.

US DOLLAR and EURUSD Technical analysis

US DOLLAR DAILY CHART

 EURUSD DAILY CHART

• US Dollar looks weak following a triangle pattern breakdown in daily chart.
• US Dollar has closed below its 50 day moving average closing below the support line of the triangle will make it weaker.
• EURUSD looks strong. Breaking above its 50 day moving average will make it stronger. Resistance level is at 1.3496.
• 50 day Moving average can also act as resistance for EURUSD.
• DOW JONES FUTURES CHANNEL FORMATION
  
  

Dow Jones Futures before opening bell

• Dow Jones Futures one hour chart with the ascending channel formation.
• Price is trading near the support line of the channel.
• It seems this dip will also be bought, Break above the dotted black line may give a good long trade.

Nifty Daily Analysis

• Nifty has finally managed to close above its 50 DMA.
• But the volume trend has not changed yet low volumes continue even on a breakout day.
• Nifty should stay above 6070 for continuing this up move.