CRUDE Oil chart analysis

• First chart shows price below 50 Day SMA.
• Chart 2 and 3 shows price testing crucial support zone. Close below 100 SMA may lead to bigger correction. For Crude Bulls price must move back above 50 SMA For resuming the bigger up moves.

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ES Analysis before opening bell

• One hour chart moving sideways in a range between 2140 and 2170. This range must resolve for bigger moves to happen.

Tata Steel Chart Analysis

• Tata Steel is moving up from its long term support of 190 levels. Price in weekly chart is out of another bullish pattern. Daily chart has a golden cross in place. There can be corrections in between But an up trend is clearly in place. Next big hurdle for this up trend will be the falling resistance line from 737 as shown in chart 2. For a bigger up move price must move above this line.
• PREVIOUS UPDATE ON TATA STEEL WITH LONG TERM SUPPORT

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APPLE Weekend update

• Immediate resistance in daily chart is seen at 100 Day SMA. If daily closes above 100 SMA price may move towards the falling resistance line shown in week and month chart.
• Month chart shows price contraction, For a bigger trending move in Apple price must breakout of this contraction.
• S&P 500 Futures Weekend update

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Gold Weekend update

• Gold Weekly chart has a bearish engulfing pattern.
• One hour and 4 hour is trying to bounce. Strength in one hour chart only if price is able to sustain above 1347 levels. 
• 4 Hour chart shows price below the cloud. If the bounce is limited to the bottom of the cloud then Gold bears may resume the fall.
• S&P 500 Futures Weekend update

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ES Weekend update

 

 

• ES one hour and 4 Hour shows slight weakness But nothing like that is seen in weekly chart as price closes above resistance levels.

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Nifty weekend update

 

 

• Nifty week shows price moving towards a potential resistance zone in 8654. Daily chart too shows price at potential resistance line. MACD shows possible negative divergence developing But Price yet to show major weakness yet for Nifty bears. Only when price shows weakness Negative divergence will take effect to give a bigger correction.
• For Bulls if price violates the daily resistance line chances are high for it to hit the Weekly target of 8654
• GOLD BEARISH PRICE ACTION

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