CRUDE Oil Support and Resistance levels

• Crude oil daily chart shows support between 77 - 81 level.
• Price sustaining above above 20 Day SMA will favor bulls of crude oil.
• 50 Day SMA and Daily cloud are crucial resistance levels.
• S&P 500 WEEKEND UPDATE

NIFTY Chart Analysis

• Nifty sustaining above Week High EMA and 20 Week SMA should favor bulls.
• Price is also closing above 5 Day High EMA. Weakness only if price starts to close below 5 Day High EMA.
• Weekly cloud too may act as support for bulls. Price falling into the cloud will be negative.
• Daily charts are showing negative divergence But MACD lines are yet to give a sell signal.
• USDINR CHART UPDATE

USDINR Chart Update

• Last post of USDINR Discussed above the 53 - 54 support zone. This zone has held for now.
• For the pair to continue its up move price has to sustain above 50 SMA and the daily cloud.
• Weekly chart continue to diverge without any major correction.