- Crude oil bulls will remain strong above 66 Levels. More important Bulls will remain strong above 200 SMA (Month).
- April month candle trying to close above 200 SMA. If successful it will be a crucial event for short term crude oil prices.
- Price testing one hour cloud.
- One hour also shows price nearing 100 Hour SMA and Golden ratio which may act as resistance levels for bulls.
- Daily chart shows the down swing. Possible targets or support levels are 2590 and 2550 levels.
- One hour stands below the cloud. Bears safe till price stay below hour cloud.
- 30 Minutes chart shows resistance level for the day. Bulls need to stay above 2639 levels for a possible bounce.
- One hour chart shows bulls struggling at the cloud Top and 100 Hour SMA
- Fib levels too shows price struggling at 50% retrace level.
- Bulls are pausing at previous resistance zone around 10600 - 10630 levels.
- Daily cloud is acting as resistance for now.
- Hour continue to look good for bulls. Hour trend must snap and a cloud break needed for bears to start getting excited. Till then bulls in control.
- ES Daily is reacting from the triangle resistance line and Upper bollinger band.
- Next support in daily chart is the middle bollinger band near 2645
- Hour is starting to look oversold so bulls can expect an intraday bounce. Bears may take control towards the end of the day.
- ES Daily is pausing at upper bollinger band
- Weakness in hour only if price falls below the cloud and crucial moving averages shown in chart 2 and 3.
- Crude oil 4 hour has violated the resistance line. If price doesn't fall back quickly into the pattern this is good news for Crude oil bulls.
- In daily time frame 66 remains crucial. Staying above this level crude bulls will keep moving higher.
- 4 hour chart shows a possible resistance line.
- For bears of CL Price should fall below 66 levels for better results.
- Staying above the daily support zone will keep CL Bulls safe.
- ES daily approaching the falling resistance line.
- One hour continues to be strong above trend line and Ichimoku cloud.
- Weakness if happens near the falling resistance line may result in correction.
- 10600 - 10630 level is likely to be the next challenge for Bulls.
- Previous resistance and Golden ratio may act as resistance.
- Nifty daily back to ichimoku cloud
- Price also nearing crucial Fib retrace levels.
- Weakness likely to resume around the current levels or close to Golden ratio.
- Daily chart shows price staying above crucial resistance zone.
- Price has to stay above 66 levels to avoid a false breakout situation which will be negative for bulls.
- Month shows price violating 200 SMA. Bulls need a month close above this line to confirm bigger strength.
- Apple Month has a possible Top in place. This will be confirmed only if Month closes below 165 levels.
- Weekly chart shows bulls struggling to stay above 174 levels. Another fall from the current levels may result in bigger correction.
- For bulls price must get back and sustain above 174 levels to avoid weakness.
- Nifty Month and Week shows bulls fighting back.
- Bears looking at a possible head and shoulders pattern. Right shoulder is almost done. Bears need correction to start from next week for the pattern to be perfect.
- Bulls tried to move out off the 4 hour contraction, But failed and back into the pattern again.
- Daily continues to show stiff resistance around 2660 levels. Too many failures around here may result in another fall towards the lows.
- ES 4 Hour chart shows a triangle contraction.
- Daily chart has resistance near 2660 levels.
- Bulls continue to hold above 200 SMA. For now the pattern looks advantage bulls.
- Daily chart stands around 20 Day SMA.
- One hour too is nearing apex of contraction. Big move is likely to happen in one or two days.
- Crude bulls managed to hold on to the rising support line in daily time frame. Looks like another visit into the resistance zone at 66.60 is likely
- Month chart shows another test of 200 SMA. Price most likely to move away from this crucial moving average during this month. One has to wait and see if its going to breakout or get resisted at this moving average.
- Bullish consolidation continues to be valid. Weakness only if price falls below 2585 levels. Strength if price sustains above 4 hour cloud.