Copper channel and Divergence

• Copper 4 Hour is falling in a descending channel. copper will remain weak till price stays in the channel But bulls are beginning to see positive divergence. Break above the channel resistance line and 4 Hour cloud may result in good up move.

ES Chart update

• ES Testing crucial support levels.
• Bears need a daily close below 100 Day SMA for extending the weakness.
• Not breaking below the golden ratio shown in  4 Hour chart will favour bulls.

Maggi Noodles Effect of Nestle

• Nestle is putting up its highest volume week in recent times. If one looks on the left hand side there was a similar volume week in November 2013 But what's missing there is the large price movement. such negative price movement with big volume is likely to push the stock further downwards. 
• Lets look at the crucial levels. Price for now is trading closer to an important support zone in 5635 levels. 2nd chart shows a weekly range. week closing into this range will be negative. Things will become weaker for the share if price falls below the range which is a bit far for now. Right now Nestle bulls must look for 5635. Sustaining above it may stabilise things for now But a weekly close below 5635 will push the stock towards the bottom of the range.