- Crude Oil Month chart shows Weakness at Golden ratio. Twice before this setup has given good trades for Crude oil bears. Weekly chart shows price testing crucial support at 102 levels. Daily chart is trading below the cloud. Sustaining below the cloud means weakness. Closing below 102 levels may extend the fall.
- S&P 500 Weekend update
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- Charts shows weakness and bears may gain strength on price closing below 20 and 50 Day SMA.
- Setup in Weekly chart suggests a likely correction towards middle bollinger band before price move up again.
- CRUDE Oil at support zone
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- Crude oil testing crucial support zone. Bigger correction only on breaking below 102 levels
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- Bank of America Daily chart testing 100 Day SMA. Last two dips below this level has resulted in up moves.
- 2nd chart shows price violating support zone. Price may Dip towards the rising support line in weekly chart before a bigger bounce can happen.
- GOLD Daily and Four hour charts shows price near crucial resistance levels.
- Daily chart also shows price contraction which could give a big trading move on breakout.
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- QQQ Bulls trying to keep price outside the Rising wedge pattern. Price falling back into the pattern may result in a false breakout trade which can give bigger moves in favor of bears.
- Immediate support levels are shown in chart 2 and 3.
- Nifty Trading in a range. Strength above 5960 - 5990 zone and Weakness below 5750-5790 area.
