ES Resistance levels

• ES one hour near 200 Hour SMA.
• Price near 50% and Golden ratio fib levels.
• ES Four hour cloud too may act as resistance. 
• Price advance may continue only if price is able to sustain above 200 Hour SMA.
• CRUDE OIL TRIANGLE PATTERN

Crude Oil Triangle pattern

UPDATE-II

• Failed pattern gave good correction in favor of bears. Price falling back into the pattern is a good entry for failed patterns.

UPDATE-I

• Crude oil showing a triangle pattern in Four hour chart. This time frame has Positive Divergence Which was shown in the previous crude oil post.
• Up move may find resistance near 80.81 level and 100 Hour SMA.
• Week chart shows strong support near 74 - 75 level. Doji candles near the support level may favor bulls for a reversal.
• CRUDE OIL POSITIVE DIVERGENCE

TATA STEEL Chart Analysis

• Tata steel has a hammer pattern in daily chart and need to close above 20 Day SMA and above the hammer with good volumes to confirm an effective hammer pattern.
• Daily stochastic is moving down so one has to wait for the above confirmation.