CRUDE Oil chart update

 

• Crude oil trying to stay above 100 Day SMA.
• 4 Hour chart shows a possible bullish Inverted head and shoulders pattern taking shape.
• For a bigger up move price has to break above the drawn resistance line and 50 day sma

ES Chart update

• ES Daily chart Holding above the support lines of daily chart.
• Price up move started near 50 Day SMA.
• 4 Hour cloud acting as resistance for now. Bulls can extend the up move on closing above the cloud.
• APPLE WEEKEND UPDATE

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BANK Nifty chart analysis

• Bank nifty above 10 Day EMA and 5 Day Highe EMA. Daily MACD although looking weak is still in Buy Mode.
• Immediate range for a big trade is shown in the last chart.
• A bigger fall possible below the golden ratio or 11226 levels.
• Breakout above 11536 may start a move towards 78.6% Fib level.
• NIFTY WEEKEND UPDATE

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ES Chart update

• Possible breakdown below the support lines and 200 period SMA shown in the above charts.
• 4 Hour cloud will act as crucial resistance level
• BEARISH MONTHLY CANDLE OF APPLE

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