January 31, 2016

Crude oil Weekend update

  • Crude oil month moving around 2009 lows. Month candle closing above or below this level may decide the next big move. 
  • Daily and 4 hour chart shows price nearing possible resistance levels.

January 29, 2016

ES Chart update

  • ES 4 hour chart shows an ascending triangle breakout. pattern will remain strong above 1900 levels.
  • ES weekly is bouncing from the base of semi circle. Price likely to move towards the outer edge of semi circle.

Crude oil support resistance line

  • Previous support line shown in daily chart is acting as resistance. Crude bulls need to move and sustain above this line for a bigger bounce to happen.

January 28, 2016

Gold Higher lows

  • Gold 4 hour chart shows price making higher lows. 
  • 4 Hour also shows an ascending triangle breakout. This will remain strong if price stays above 1110 levels.

ES Range and IHNS pattern

  • ES one hour chart shows price moving in a range between 1850 - 1910.
  • 4 Hour chart shows an inverted head and shoulders pattern. Bulls must hold above 1850 levels to remain strong.

January 27, 2016

CRUDE Oil weekly busted pattern

  • Crude oil 4 hour chart shows price near resistance zone between 32 and 33.
  • Weekly chart shows a wedge pattern which may have given a false breakdown. If price gets back into the weekly pattern there could be bigger up moves 

ES Chart update

  • ES 4 hour trying to stay above the cloud.
  • 1 Hour chart shows a possible resistance line. Possible bigger bounce if price breaks and sustain above the resistance line.


Crude oil bearish hourly PIN Bar

  • 4 Hour chart approaching resistance area But price yet to show weakness. 
  • One hour time frame is showing a possible reversal Pin Bar candlestick. Further weakness on hour closing below 31.40 levels.

January 26, 2016

ES Chart update

  • ES 4 hour chart shows price putting up a bullish IHNS pattern. Bulls need price to sustain above 4 hour cloud and 1905 levels for a bigger bounce to happen.

CRUDE Oil chart update

  • Crude oil one hour falls back to 200 Hour SMA. Retrace levels shows price near 50 and golden ratio. If pauses here an up move possible. Crude bears need an Hourly close below 200 Hour SMA to retest the earlier lows.
  • ES Chart update

January 25, 2016

ES Chart update

  • Crucial for bulls to hold above 200 Hour SMA. For bears they need to keep price below 4 Hour cloud to resume the fall.
  • Daily line chart shows price yet to decide on the next big move. price moving around the support zone as shown in chart 2.

ES Support and resistance levels

  • ES for now is sustaining above 200 Hour SMA.
  • Price having moved above Ascending triangle is approaching resistance levels at 1907 and 1927.

January 24, 2016

APPLE Support and resistance levels

  • Apple bounces from 95 level which acted as support as shown in chart. Broken head and shoulders neck line at 105 may act as stiff resistance for the current bounce. A bigger bounce if price closes beyond the neck line. 

Nifty positive divergence and Resistance level

  • Weekly candle suggests possible reversal formation provided price stays above 7241 levels. At the same time price has broken below crucial support level of 7550 which has to be crossed for a bigger bounce to materialise. 
  • Daily chart shows bounce after positive divergence as shown in first chart.

January 22, 2016

ES support and resistance levels

  • Last chart shows bulls trying to stay above daily support zone
  • One hour chart with 200 Hour SMA Shows bulls trying to stay above the crucial moving average line.
  • 2nd chart shows immediate support and resistance levels.

ES Analysis after closing bell

  • ES Daily chart shows price moving around the crucial support resistance zone of 1860 - 1870. Bulls need price to sustain above this zone for a bigger bounce to happen.
  • Hourly chart shows a possible bullish Ascending triangle pattern But price need to break and sustain above 200 Hour SMA for this pattern to work well. Unable to close above 200 Hour SMA will strengthen bears further.

January 21, 2016

Crude oil resistance levels

  • One hour chart with 200 Hour SMA as resistance. Stiffer resistance at 4 hour cloud. For a decent bounce price must sustain above 4 Hour cloud.

January 20, 2016

QQQ chart analysis

  • QQQ Week has closed below the cloud and price is sustaining below it. 30 Minutes chart shows a trending down move. Bears will remain strong below the cloud. Support is expected near the rising support line of Monthly chart.

ES before opening bell

  • ES violates crucial support zone around 1860 - 70 levels.
  • 15 Minutes cloud is the immediate resistance above that a bounce towards the broken support zone is possible.

Crude Oil chart update

  • Crude oil bounce was short lived. One hour chart shows price getting resisted at 200 Hour SMA.
  • Month chart shows price moving towards the next swing low which was made back in 2003. 

January 19, 2016

APPLE Trend update

  • Apple Month chart shows price falling towards the rising support line. For the current month candle the line near 84 levels approximately.
  • Weekly chart with Fib levels shows price at 50% retrace level. Close below this level may take price towards the golden ratio which is near the Monthly rising support line. So its crucial for Apple bulls to defend 50% Fib level.
  • Hourly chart with Ichimoku cloud shows a trending move. Bears need to sustain below the cloud to extend gains.