- Crude oil break below the contracting triangle discussed earlier. Now price moving towards the support levels shown in chart 2.
- Price continues to trend in 15 Minutes time frame. short term will remain in favour of crude bears till price stay below 15 Minutes cloud.
- CRUDE Oil Triangle pattern
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- ES 4 hour reacting from resistance zone
- One hour chart shows price testing the cloud. ES bears need a close below hourly cloud for bigger correction to happen.
- Crude oil 4 hour chart shows price in a triangle shaped contraction. Violating the lines and the levels shown in chart 2 on closing basis may trigger a bigger move in crude oil
- Nifty daily time frame shows a Golden cross in play. Last Golden cross gave good gains for Nifty bulls.
- 2nd chart shows weekly chart testing crucial swing high around 8336 levels. Price if pauses here can give negative to sideways movement.
- Daily close back below 8285 levels may also result in bearish price action
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- ES 30 Minutes cloud continues to support ES Bulls.
- One hour chart shows the entire Brexit fall Getting reversed. The reversal is not showing any weakness yet.
- Price moving into strong resistance zone in week and month time frame.
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- Gold weekly shows price trying to stay above the resistance line of a broadening pattern. Month chart shows price moving into stiff resistance zone. Gold bulls need a monthly close above 1350 levels to keep the bullish momentum intact.
- ES 30 Minutes cloud continues to act as support. Bears must break below the cloud for a bigger correction to follow. Till price stay above this 2100 plus levels are likely.
- Daily chart shows price nearing cluster of resistance zone.
