- Crude oil four hour chart shows price breaking resistance levels.
- Daily chart is approaching resistance levels like 100 Day SMA and 38.2% Fib level. Crude oil bulls need a daily close above these levels for a sustained up move to happen.
- GOLD Death cross
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- Gold weekly chart shows price nearing crucial support or recent swing low at 1180.
- Second chart shows the death cross in weekly chart.
- Month chart shows Golden ratio near 1150 levels. If Golden ratio is not held then the death cross is likely to perform well. Up moves from these levels are also likely to face selling pressure at Higher levels because of the Death cross in weekly chart.
- ES Previous resistance as support
- Ford daily chart shows price testing 200 Day SMA. Bears need a daily candle below 200 SMA to gain strength.
- Weekly chart shows price testing the up trend line and the horizontal support line at 15.71. Bulls should protect these levels to avoid further correction.
- Last chart shows price testing previous resistance line which may act as support.
- ES Previous resistance as support
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- ES Daily chart shows the bulls getting support at previous resistance line.
- 4 Hour chart good up move on price breaking above 200 period SMA.
- 4 Hour chart is nearing the selling zone again.
- Multiple support levels seen at yesterday's lows has held. Bullish engulfing pattern at 50 Day SMA may help nifty to move up further. Higher closing today will add strength for the bullish engulfing pattern.
