EURUSD Chart analysis

• EURUSD 4 Hour chart shows price in a range. Daily chart is also approaching 200 Day SMA. 1.11 Levels shows Golden ratio as resistance. EURUSD bulls must stay above 1.11 levels on weekly closing basis to extend this up move.

ES Resistance levels

• ES 4 Hour chart continues to stay below the resistance levels discussed Yesterday. Bulls need to cross these levels to extend gains.

Crude oil Falling wedge update

• Crude oil weekly chart shows price trying to stay above the falling support line or the support line of the falling wedge pattern. Current up move is moving towards a possible resistance zone between 38 and 40 and shown in chart 2 and 3. For a bigger up move price must sustain above 40 levels.

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ES Chart update

 

• ES approaching possible resistance levels in 4 hour chart.

Nifty intraday update

• Nifty bulls need to sustain above 7852 levels for extending gains.
• Intraday weakness below 7840 levels. If the support line shown in 15 minutes chart is not held bigger falls can be seen.

FIRST SOLAR Golden cross and Weekly Range

 

• First solar weekly chart shows a broad range between 39 and 74. Within this zone 66 is a crucial resistance area. Daily chart shows a golden cross but this one will perform well only if price is able to close above 66 levels. Previous golden cross did not perform well because of resistance at 66 levels. For bears immediate strength if price closes below 62 levels.

S&P 500 Analysis after closing bell

• First chart shows the Month time frame with its MACD Sell signal. Price is trying to put up a Topping pattern. Bears need price to stay below 1850 to gain further momentum. 
• Next 2 charts shows price pausing above the Immediate support level of 1890 - 2000.