CRUDE Oil chart analysis

• Crude oil 4 hour chart shows price testing previous support zone.
• Price has managed cross the Golden ratio next fib resistance at 78.6%
• Daily chart shows price nearing crucial swing Highs.

ES Chart analysis

 

• ES 4 hour chart shows price testing resistance zone.
• One hour chart is trying to stay above the cloud.
• One hour with fib shows price approaching the golden ratio possible reversal zone.

APPLE Chart update

• Apple daily chart shows price in a range between 580 and 604
• Crucial support levels for the stock are 20 Day SMA and 23.6% Fib level.
• Weekly chart shows support at golden ratio which must be held to avoid bigger falls.
• closing above 604 may lead to 637 levels.

NIFTY Intraday update

• 15 Minutes chart is shown with fib levels. Price is taking support at 78.6% Fib level
• Hour chart is testing 20 Hour SMA.
• Last chart shows the crucial GAP between 7020 - 7060. Bigger weakness only if price falls below this level.

CNX IT Trend update

• CNX IT Got resisted at 50 Day SMA during the news day and moved lower towards the crucial support zone of 200 Day SMA.
• For bigger down moves price must close below 200 Day SMA.
• Trend will remain weak below the daily cloud. For IT Bulls price must sustain above the daily cloud for bigger up moves to happen

JC Penney Trend update

 

• JC Penney trying to stay above the falling resistance line.
• Weekly chart shows price in a consolidation range. If price stays inside the range longer the breakout will be bigger.
• Weekly cloud may act as immediate resistance. For longer term up moves price must trade above the weekly cloud.
• IWM TRIANGLE PATTERN

Alcoa Trend update

 

• Alcoa shows strong up trend for the stock as price continues to trend up above the 50 Day SMA and the daily cloud.
• Crucial level for the stock to stay above is 13. Weakness only on a daily close below 13 levels.

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