December 6, 2017

ES Chart analysis before opening bell

  • ES one hour chart shows price resting at 200 Hour SMA.
  • 4 Hour chart too shows crucial support zone at 2620 levels. Bears must break below this zone to extend gains. Bulls likely to get a bounce from the current levels.
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ES Analysis after closing bell

  • ES hourly cloud is broken
  • Next support is 200 Hour SMA. Bigger weakness possible if 200 SMA is broken.
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December 5, 2017

ES Analysis after closing bell

  • ES one hour chart testing crucial moving average and Ichimoku cloud. 
  • Daily candle shows weakness. If hourly levels shown above breaks then Bears can extend weakness into higher time frame as well.
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December 4, 2017

CRUDE Oil support levels

  • 4 Hour and Daily shown with crucial support lines.
  • Price likely to test these lines. Bears must take it from there. Bears need a close below these lines for bigger correction to follow.
  • CRUDE Oil Weekend update
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Google Weekend Update (Alphabet)

  • Month Time frame has a perfect Bearish Pin Bar. Weekly has a bearish engulfing pattern. Now bears need price to fall into the previous Weekly range, That is below 1000 Levels.
  • Bulls will expect the Range top to act as support. Bulls need to stay above 1040 levels to negate the bearish view
  • CRUDE Oil Weekend update
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December 2, 2017

CRUDE Oil Weekend update

  • Crude oil weekly candle shows loss o momentum again for bulls But bearishness is yet to confirm.
  • Daily chart shows price above 20 Day SMA and the up trend line. These two must break soon or  a bigger breakout may happen. Since price is near weekly resistance zone a close below the support levels in daily time frame is crucial. 
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December 1, 2017

NIFTY Weekend update

  • Nifty month chart shows a Bearish November candle. December candle is following Novembers trend. 
  • Price is approaching crucial support levels in 20 Week SMA and Month lows. A weekly close below 20 Week SMA may extend this fall.
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