ES Chart update

• ES got resisted at the falling resistance line.
• Now bears need price to close below the Range middle area and One hour cloud to extend gains.
• EURUSD at crucial support zone

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EURUSD Trend update

 

• EURUSD Near recent swing low.
• Daily chart shows all recent swing lows are taken out by bears.
• Hope for EURUSD Bulls only if the support is held and price moves above the daily cloud.

ES Support and Resistance lines

• ES 4 Hour near resistance levels. Bulls need a breakout above these levels to extend the up move or else another correction towards the Range bottom can happen. 

CRUDE Oil chart update

 

• Crude oil 4 Hour chart is trying to break above the bullish pattern
• Daily chart shows price yet to reach the main resistance zone.
• The rising support line and the 100 SMA are crucial for this bullish attempt. Crude oil bears need price to fall back below these two levels.

Reliance industries chart analysis

 

• Previous swing low in Weekly chart around 793 saved Reliance bulls from bigger correction.
• Daily chart shows price trying to move out of the bearish falling channel.
• Having said that price is moving towards major resistance levels like 200 SMA and previous broken support levels which may act as resistance.
• So reliance needs to cross 200 SMA and the above mentioned price level for a major trend change to happen.

Silver weekend update

 

• Silver daily chart has strong resistance at Golden ratio and 200 Day sma.
• For the very short term Bulls will be under pressure as its below 4 Hour cloud. 
• 4 Hour cloud may continue to act as resistance.

CRUDE Oil weekend update

 

• Crude oil daily chart holds above 100 SMA.
• Price yet to move out of the daily range.
• Hope for crude oil bulls in the 4 Hour chart. Rising support line must hold for a possible breakout to happen. Price falling below the support line may take price back to range bottom again.