CRUDE Oil Support and Resistance levels

• Crude oil Daily chart shows support at 85.40 and 84.05
• 50 and 200 Day SMA continues to act as resistance levels along with Daily Ichimoki cloud.

COPPER Trend update

 

 

• COPPER Shorter time frames are trending up.
• Daily time frame has broken above a resistance line. 
• Sustaining above the daily resistance line should take copper towards the resistance line of the weekly triangle shown in last chart.
• SPY WEEKEND UPDATE

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ES Chart analysis

 

• ES 4 Hour chart with rising support levels shows a possible ascending triangle pattern.
• Weakness on price falling below 50 Day SMA.
• Strength on sustaining above the Golden ratio shown in last chart.
• IWM WEEKEND UPDATE
• QQQ WEEKEND UPDATE
• SPY WEEKEND UPDATE

CNX IT Chart analysis

 

 

• Last chart shows a failed breakout from the weekly triangle pattern which is not good for bulls. If price breaks the the support level of 5959 we could see bigger falls in CNX IT.
• TCS CHART ANALYSIS

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IWM Weekend update

 

• First chart shows a trading range in daily chart.
• Second chart shows price trying to hold above 50 and 100 Day SMA.
• Possible inverted head and shoulders pattern in daily chart.
• Weekly chart shows price holding above 20 Week SMA on closing basis. Sustaining above 20 Week SMA should favor bulls of IWM.
• SPY WEEKEND UPDATE

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QQQ Weekend update

• Daily MACD is looking negative But price is able to sustain above 20 Day SMA. For bears daily close below 20 SMA could give a correction.
• 50 and 200 Day SMA is acting as resistance levels.
• Weekly candle managed to stay above 50 Week SMA. But if price starts to trade below 50 Week SMA it could result in  a bigger fall. Weakness below 64.25.
• SPY WEEKEND UPDATE

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SPY Weekend update

 

 

 

• SPY Managed to close above 50 Day SMA.
• But bulls has Golden ratio, Daily Ichimoku cloud and the falling resistance line which may act as stiff resistance levels.
• Weakness on price falling below 140.13 levels. For bigger up moves price must sustain above the resistance levels mentioned above.