CRUDE OIL Support Levels

• Crude oil weekly chart is getting support at 50 Week SMA.
• Daily chart shows support near 95.34 - 95.44 levels. Correction will continue only if price trades below this level.
• for bulls of crude oil 200 Day SMA needs to be taken out by bulls of crude oil.

EURUSD Testing support levels

• EURUSD Bouncing from the support line shown in daily chart.
• Daily chart also shows pair finding support at Golden ratio. But for the up move to continue pair need to trade and close above 50% Fibonacci level.

ES Chart Update

• ES daily chart shows price getting support near 23.6% Fib level.
• Hour charts despite the bounce is still below crucial levels like 50 Hour SMA and Hourly Ichimoku cloud. For a trend change in this time frame price need to  stay above the hourly cloud.
• SPY WEEKEND UPDATE

MCX Crude oil Falling off a cliff

Starting today MCX and USDINR updates will be posted in this Blog.

• 30 Minutes chart shows the swift fall of crude oil.
• Four hour chart shows price breaking key support levels 
• 5260 level which was the 50% Fib level was a an important level. Now that this level is taken out this will act as strong resistance. 
• Golden ratio is the next key level breaking below this level should take Crude oil towards 5100 levels.  Taking support here means a retest of the 5260 levels again.

NIFTY Testing the channel breakout

• Nifty weekly and daily charts have broken below crucial support levels. bears now want the weekly channel breakout to fail. The channel resistance line is between the Golden ratio and 5000 levels. Channel breakout failure may result in big correction. Let the Golden ratio save bulls from bigger falls.
• SBI CHART ANALYSIS

ES Breakdown and support levels

• ES Four hour chart shows price breakdown below crucial short term support levels. Bears now need price to close below these levels.
• Daily shows the broken trend line extending gains.
• Fibonacci levels shows possible support near 23.6% Fib level
• SPY WEEKEND UPDATE