ES Chart analysis

• ES four hour chart show price moving towards the resistance line of the triangle pattern.
• Price nearing crucial Fib levels.
• Price trying to stay above hourly cloud need to break above the resistance line for a bigger up move to happen.

FACEBOOK Chart update

• Facebook one hour chart shows price testing 50 Hour SMA.
• Price also near 23.6% Fib level. Violating these two levels may lead to the hourly cloud. Sustaining below the cloud may resume the fall.

GOLD Ascending triangle breakout

 

• GOLD Four hour shows an ascending triangle breakout.
• Resistance levels with fib levels looks good for bears as price is approaching Golden ratio.
• If fib resistance levels are broken price may target the support resistance lines shown in daily time frame.

CRUDE Oil support levels

 

• Crude oil near range bottom. 
• Support at 92.13 if not held could lead to 50% Fib level and 200 Day SMA.

NIFTY Chart analysis

• Crucial support levels 20 Day SMA and 23.6% Fib level.
• Week is testing 5 Week High EMA (6111). Moving back above this level on weekly closing basis will help bulls to resume the up move. 

FACEBOOK Trend update

 

• Facebook One hour chart shows price giving new lows.
• Price moving down in a channel. Price near channel support line which may give an oversold bounce.
• Major resistance will be the hourly cloud. Prevailing trend will become weak only on trading above the cloud.