- 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.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 6, 2017
ES Chart analysis before opening bell
ES Analysis after closing bell
- ES hourly cloud is broken
- Next support is 200 Hour SMA. Bigger weakness possible if 200 SMA is broken.
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.
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
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
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.
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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