- Cisco bulls testing crucial support zone around 29 levels as shown in Weekly time frame. For a bigger fall price need to do a weekly close below this zone.
- Daily chart is nearing 200 Day SMA. Last chart also shows support lines which if held can result in a bounce for the stock.
- More bearishness only on a daily close below 200 Day SMA
- ES One hour chart analysis
- APPLE Support at 200 Day SMA
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- ES continues to stay above 100 Period SMA.
- 100 SMA and 2169 are crucial number for bulls to stay above in hour chart.
- Breaking below this may lead to 2150 levels.
- Sustaining above these levels should give 2180 and 2184 levels.
- CRUDE Oil chart analysis
- APPLE Support at 200 Day SMA
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- The Descending triangle in daily chart shows the near 500 points breakdown. Price broke down,bounced from 200 Day SMA, Retested the broken triangle and fell again.
- Price is testing 200 SMA again. Bears trying to keep price below the crucial moving average. But for bears the crucial number will be 8000.
- Hour chart shows immediate support zone between 8000 and 8100.
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CRUDE Oil chart analysis
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- Apple daily chart shows a bullish move from 200 Day SMA.
- Immediate resistance is at 112.
- If price stays above 112 then 116 and 118 levels are possible.
- 4 Hour chart also shows 100 Period SMA around 112 level.
- So for a bigger up move Apple bulls must break and close above 112 levels.
- CRUDE Oil chart analysis
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