January 6, 2017

Netflix Month and Weekly chart analysis

  • Netflix Month chart shows price violating another resistance zone.
  • NFLX Bulls need price to close the Day and Week above 133.50 plus levels.
  • 15 Minutes cloud is the immediate support for this bullish move. Below the cloud Weakness starts.
  • ES Analysis before opening bell

CRUDE Oil Support and Resistance levels

  • Crude bulls testing the resistance level again. Last breakout above this level was a false one. Another close above this level lead to higher levels.
  • Weakness only if price trades below the 4 hour cloud. 52.12 is the crucial support zone.
  • ES Analysis before opening bell

ES Analysis before opening bell

  • ES resistance continues to be at 2270. Closing values above this zone will add strength for bulls.
  • 50 period SMA at 2254 and Price support zone at 2250 are crucial to hold above. Price sustaining below 2250 may lead to bigger correction.

NIFTY Line chart and 15 Minutes cloud update

  • Along with 200 Day SMA The 8300 zone has other resistances as shown in Daily line chart. So Bulls need to do a Daily close above 8300 zone to keep this bullish move intact. 
  • The horizontal resistance line and the Falling resistance line makes a confluence of resistance But its not that negative for bulls yet because if a daily close above this confluence happens it could be very bullish. On that contrary Bears are looking for a bearish candle at this resistance zone.
  • 15 Minutes is yet to break below the cloud. First signs of weakness only if price starts to trade below 15 Minutes cloud.
  • Nifty Morning update

NIFTY Morning update

  • Nifty testing 200 SMA and Recent swing high of 8274. 
  • Price did give spikes above 200 SMA as shown in chart 2. If that repeats then this up move is likely to extend further. Weakness returns below 8218 levels.
  • GOLD Support and resistance levels

GOLD Support and Resistance levels

  • Gold 4 hour shows major levels on chart. sustaining above 1180 should push the price towards 1196. Weakness could take price back towards 1167 levels.
  • Weekly chart shows price moving towards the Broken support zone at 1200. Being a round number this area will be crucial for gold bulls to break and stay above.
  • One hour chart shows the bullish structure intact in smaller time frame. Weakness starts if this structure is violated.
  • CRUDE Oil chart analysis