CRUDE Oil Weakness at resistance zone

• Crude oil daily chart shows weakness at resistance zone around 52 levels.
• Weekly candle price action is not looking good so far for crude bulls. bulls hoping this may change as week goes by. Crude bears on the other hand need  a bearish weekly candle for bigger correction to follow.
• Hour shows crucial support around 50 levels. Bigger weakness if price starts to trade below 50 levels.

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NIFTY One hour and 15 Minutes chart update

• Nifty moving towards 200  Hour SMA. 
• Second chart shows important levels in hourly time frame.
• 15 Minutes chart is trying to stay above the cloud.
• Bigger bullish moves only above 200 Hour SMA and 8250. Immediate resistance at 8176, 

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GOLD Trend update

 

 

• Gold 4 hour chart shows below the cloud and 50 period SMA.
• Price action continues to form new lows Thus favouring Gold bears.
• For a possible reversal price need to stay above 50 period SMA. For now the trend continues to favour Gold bears.

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NIFTY Chart analysis

• Nifty hour has fallen below 50 Hour SMA. Price earlier showed weakness as it neared 200 Hour SMA.
• Its also another dip below 200 SMA. Now if the correction continue Bulls must hope for a double bottom formation around 7900 levels. 
• Crucial levels for the fall are 8000 and 7916.

APPLE Golden cross and Bearish Pattern

• Apple daily chart shows a Golden cross. 
• Price for now is stuck between 50 and 200 Day SMA.
• Daily and month chart shows bearish set up. This set up will get activated once and if Daily starts to trade below 200 Day SMA. For the Golden cross to work price must trade above 50 Day SMA.
• CRUDE OIL Weekly resistance line

CRUDE Oil at weekly resistance line

• Crude oil weekly chart testing crucial resistance line.
• Crude bulls need a weekly close above 52 levels to confirm  a breakout from a weekly bullish pattern. Price trying to stay above crucial moving averages. This set up too needs a further breakout from here for bigger up moves to follow.
• Crude bears need to see some weakness here at the resistance line to start a Down swing.
• GOLD Chart Analysis

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S&P 500 Futures analysis after closing bell

• ES daily chart is testing previous resistance zone between 2186 and 2191.
• 4 Hour chart is resting on 100 Period SMA. If this line holds a bounce is possible. Bounce towards 2200 levels again.
• ES bears must do more for a bigger breakdown to follow.
• GOLD Chart Analysis

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