Range breakout and reversal CRUDE Oil

• 15 Minutes chart shows range breakout and the entire up move getting reversed.
• For bears of crude oil price has to close below 50 SMA which will confirm the weakness at higher levels.

ES Breakout failure

 

• Breakout failures often give good trades on the opposite side.
• In this case price closing below 100 Period and the Diamond support line may give a bigger down move.
• Holding above 100 period SMA may stop a bigger fall from happening.

EURUSD Chart analysis

• EURUSD 4 Hour chart shows price unable to sustain above the 4 Hour cloud.
• Daily chart is also looking weak as price moves below 20 and 200 Day SMA.
• Further weakness below 1.2844. Strength above 1.3049

CRUDE OIL Chart update

 

• Crude oil 50 Day SMA is getting tested. Crude oil bulls need a daily close above this line.
• Price is near previous support level of 94.97 - 95.25. 
• Price is also at the Golden ratio. 
• Bulls has to close above these resistance levels to extend this pullback. Weakness at the current levels may lead to a retest of the recent low again.
• ES DIAMOND PATTERN UPDATED

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ES Diamond pattern update

 

• ES 4 Hour chart shows diamond breakout.
• One hour chart shows crucial support and resistance lines.
• Last chart shows 30 Minutes cloud. Price sustaining above the cloud may lead to a continuation of the current up move.
• Bears should now hope for a busted Diamond pattern.
• BLACKBERRY WEEKEND UPDATE
• APPLE WEEKEND UPDATE

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NIFTY Chart analysis

• Nifty near 200 Day SMA. There are positive divergences in both hourly and Daily charts which needs confirmation. 
• If 200 SMA fails to hold on closing basis then the channel shown in second chart may play out.
• Last chart shows Weekly lower bollinger band and 50 Week SMA.