CRUDE OIL Support and resistance levels

 

• Daily time frame shows resistance at 100 Day SMA and daily cloud.
• Support levels are 86.91 and 50 Day SMA.
• Break of these moving averages on daily closing basis may give a bigger move.
• SILVER RESISTANCE LEVELS

APPLE Resistance lines

DAILY CHARTS

• First chart is the hour time frame with the resistance line and the GAP which may get filled if the resistance line works for bears
• Crucial resistance levels in daily charts are 615 and 619.

S&P 500 Futures chart analysis

• ES Testing crucial levels in hourly chart,  50 Hour SMA and the Hourly cloud.
• Price breakdown below the cloud and the range shown in four hour chart may result in a correction.
• Price sustaining above 50 Hour SMA shall give a breakout in favor of bulls.
• SILVER RESISTANCE LEVELS

SILVER Resistance levels

• SILVER Breaking out above 50 Day SMA.
• Price moving up from weekly trend line.
• Weekly chart has resistance at 20 Week SMA and the falling resistance line as shown in last chart.

NIFTY Chart update

• Nifty daily could not sustain above 20 Day SMA. Bulls need a daily close above this level to sustain the up move. A bearish candle here means correction may follow.
• Price falling below 50 Hour SMA could trigger a bigger fall.
• Price sustaining above the 30 Minutes trend line could give an intraday up move.
• SBI ANALYSIS BEFORE POLICY

SBI Chart analysis before RBI policy

• SBI Weekly chart shows  a triangle shaped contraction pattern. Price is taking support near the support line.
• It's a crucial day for the stock because of the RBI policy. Good news should result in an up move towards 50 Day SMA and a cloud break should target the upper resistance line shown in first chart.
• Price unable to sustain above 200 SMA should resume the fall.
• NIFTY CHART ANALYSIS

NIFTY Chart analysis

• Nifty daily chart has one more GAP to be filled between 5267 - 5300. But price has to cross a crucial resistance zone before that.
• Nifty's 20 Day SMA at 5218.
• 5 Week High EMA at 5223
• Golden ratio for the move from 5348 - 5032 is near 5229.
• Crossing the above mentioned levels may help nifty bulls to fade the GAP at the Top

ES Chart update

• ES 4 hour chart Trying to stay above previous resistance levels which are acting as support.
• One hour chart shows a range which has to be broken for further moves to happen.
• Price sustaining above 50 Hour SMA and cloud may lead to an upper breakout.

S&P 500 Futures chart update

• ES One hour chart sustaining above 50 Hour SMA and hourly cloud should favor bulls for a bullish consolidation breakout.
• ES Daily chart shows crucial resistance at 78.6% Fib level which should be crossed for extending the current up move.
• S&P 500 WEEkEND UPDATE

BANK NIFTY Chart analysis

• Weekly chart of bank nifty shows price contraction in a triangle pattern. A bigger move will happen once price breaks out of this pattern. Weekly chart has a sell signal which will be effective below 20 Week SMA and the support line of the triangle.
• NIFTY WEEKEND UPDATE

DOW JONES Chart Analysis

• For the bullish momentum to sustain price must sustain above 12977 and 78.6% Fibonacci level.
• Sustaining above these levels could take Dow Jones towards 13200 - 13300 levels.
• Unable to sustain above the 12977 could result in a bearish week.
• Last chart shows a weekly rising wedge pattern. If the rising wedge is held we might see a big breakdown from this pattern.
• S&P 500 WEEkEND UPDATE

INTEL Chart analysis

 

 

• INTEL Weekly chart is moving up from 50 Week SMA. But price is near resistance levels like 50 and 200 Day SMA.
• Price is near daily Ichimoku cloud which may act as resistance. For a bigger up move price must do a cloud breakout. Sustaining below the cloud will give shorting opportunities.
• S&P 500 WEEkEND UPDATE

S&P 500 Weekend update

• SPX Daily with MACD histogram shows negative divergence.
• Weekly chart shows a completely different picture with MACD about to give a buy signal.
• SPX Four hour line chart shows price at a resistance line. So for next week we might get a pullback because of the negative divergence and a breakout in favor of bulls because of the weekly MACD.
• Month chart shows price moving towards a possible resistance line. If macd buy works well price is likely to breakout above this resistance line to extend the up move.

NIFTY Weekend Update

 

 

• Daily chart with Ichimoku cloud shows price bouncing from the cloud.
• But the up move was stopped at 100 SMA and 5 Day High EMA.
• Weekly stochastic sell signal is still effective as price stays below 20 week SMA.
• Despite yesterday's bounce bears are looking strong. 
• EURUSD RESISTANCE LEVELS

EURUSD Chart Update

• EURUSD Daily chart moving towards resistance line and 50 Day SMA.
• Trend of daily time frame will stay in favor of bears as long as price trades below the cloud.
• GOLD CHART UPDATE

GOLD Chart Update

• Gold weekly chart shows price testing crucial support resistance zone between 1620 - 1640.
• Crossing this zone on weekly closing basis will take gold towards the weekly falling resistance line from 1920 - 1720.
• Daily chart shows price above 100 Day SMA Which is good for bulls But price is also near 200 SMA which should also be crossed for a bigger up move to happen.