ES Chart update

• ES one hour and 4 Hour chart shows bulls hanging on to crucial support resistance zone. Bears need to close below this zone for bigger correction to follow.

Nifty support and resistance levels

• Price is moving up steadily but its approaching crucial resistance zone 8505 - 8550. Immediate support zone is at 8332 level.
• RSI is has not reached overbought zone and price too yet to shown bearish price action.

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SILVER Weakness at weekly cloud

• Silver weekly chart shows weakness at the cloud.
• More strength for silver bulls if price falls below 200 Day SMA.
• 4 Hour chart shows retrace levels as immediate support zones.

ES IHNS Update

• The IHNS Breakout continues to stay valid. Bears need to fall below the yellow shaded zones in first chart to question the validity of the pattern.
• One hour is testing the rising support line. 100 Hour SMA too is crucial for bulls to stay above to continue the momentum. 

Bank nifty chart update

• Bank nifty bulls needs to close above 50 day SMA and 38.2% Fib levels to extend this bounce.

COPPER Resistance levels

 

• Copper near falling resistance line in weekly chart.
• Price also nearing previous broken support which may act as resistance.
• Copper bulls have the tough task of breaking above this weekly resistance zone to extend the current bounce.
• CRUDE Oil chart update: CLICK Here

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ES Chart update

• 4 Hour chart shows price in a range after moving above the bullish pattern. Price is range bound. closing outside the range may give good direction.
• Bears need to break below the range and the rising support line shown in one hour time frame.
• CRUDE Oil chart update: CLICK Here

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