- Crude oil 4 hour chart shows price trying to stay above crucial support resistance zone.
- Daily chart shows price nearing 23.6% Fib level and 50 Day SMA. Only a daily close above these levels will help Crude oil bulls to extend this up move. Unable to close above 50 Day SMA may resume the fall in crude oil.
- FORD Chart analysis
-->
- Price resistance level at 17.2, Daily upper bollinger band and 50 Day SMA too is acting as resistance levels.
- Immediate support at 20 Day SMA which is at 19.96 level.
- Daily chart shows a contraction pattern which is forming after a down move so can be considered as a bearish continuation pattern on the contrary bulls need a close above 50 Day SMA and 17.2 level on closing basis for an up move to happen.
- ES Chart update
-->
- ES 4 Hour chart shows price violating crucial support levels.
- chart 2 and 3 shows price testing 23.6% Fib level and nearing 100 Period SMA. Price must break below these two levels on closing basis for a bigger fall to happen.
- Tata Motors daily chart shows a broadening pattern.
- Weekly chart is trading near resistance line. Price yet to confirm any weakness and Weekly indicators yet to show a sell signal. So one has to wait to confirm weakness before going short.
- stock trading above 405 - 410 zone on closing basis may negate the above bearish view.
- GOLD Trend update
- Yesterday's daily candle looks more bearish with today's price action, Needs price to close below 20 Day SMA for a bigger fall to happen.
- Weekly chart need a close below 16000 levels for a bearish weekly formation to form.
- Weekly chart with RSI and price has been showing negative divergence for quite some time without showing results.
- GOLD Trend update
-->
- Weekly chart of silver shows price continues to be in a strong down trend and price likely to test the recent swing low at 18 levels again.
- 4 Hour chart too continues to give new lows. Attempted up move was halted at 4 hour cloud. No turnaround possible until price stays below the cloud.
- GOLD Trend update
-->
