CRUDE Oil support and resistance levels

• Crude oil daily chart shows stiff resistance at 38 levels.
• One hour and 4 hour chart shows support levels. 4 Hour cloud and 36 levels may save bulls from a bigger correction. Further Weakness if price closes below 4 hour cloud

Nifty Chart update

 

 

• Nifty bulls must move above the cloud and the falling resistance lie to avoid correction. Weakness may return if price starts to trade below 7400 levels.

Nifty support and resistance levels

 

 

• Nifty daily chart with immediate support and resistance levels.

GOLD Weekend update

 

• 4 Hour chart shows immediate support levels. Weakness if price starts to trade below these levels. 
• Weekly chart shows crucial resistance line. Gold bulls must sustain above this line for bigger up moves to happen.

CRUDE oil Bottom formation and Resistance levels

 

• Daily time frame is trying to show a V shaped reversal or bottom formation in crude oil. But price need to sustain above 38 levels and move above 200 Day SMA to confirm a bottom formation. Last 2 attempts at 200 SMA resulted in good gains for Bears. 
• One hour cloud acting as good support so far.

Gold Support and Resistance levels

• Weekly chart look strong as price sustains above cloud. 
• First chart shows strong support line of gold. current trend would become weak only if this line is broken.
• Immediate resistance level at 1300 levels.

ES Chart update

• ES Daily shows weakness at 200 Day SMA.
• 4 Hour chart shows immediate support levels. Weakness below 1966 levels. Up trend of this time frame will be challenged if price falls below 4 hour cloud.