CRUDE Oil at resistance levels

• Crude oil hits the horizontal resistance zone of 4 Hour chart.
• Daily chart has 50 Day SMA just above this resistance zone.
• Bulls need a close above this level for the FALLING WEDGE mentioned earlier to extend gains.

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APPLE Trend update

 

• Apple hourly charts continue to look weak as it trends down below the cloud and 50 Hour SMA.
• Daily chart is giving hope for bulls with a Hammer candlestick. But price is yet to test the up trend line of daily chart.
• CRUDE OIL FALLING WEDGE

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ES Chart Analysis

 

• ES Daily chart testing 50 Day SMA. Bulls would need a Doji daily candle at this level for a possible up move.
• Second chart shows ES below the rising black support line. Shaded portion may save ES bulls from a bigger fall.
• Below the shaded portion the Double top or a Bearish M will be effective.
• CRUDE OIL FALLING WEDGE

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NIFTY Chart analysis

   

• Nifty daily chart shows macd sell signal and possible support at 20 Day SMA. Bears need a close below 20 SMA for a bigger fall.
• Weekly chart shows support at 5629 which was the previous resistance level.
• Price has been staying above golden ratio for quite sometime now. So falling back below it on weekly closing basis will be negativ ef

ES Chart update

• ES has fallen below the support line of the ascending triangle which is bad for bulls.
• But bulls has crucial levels to their support in 200 Period SMA of 4 Hour time frames and Horizontal support lines.
• Breaking below the horizontal support lines could set ES for the Double top Target which is about 40 points below these lines.
• CRUDE OIL FALLING WEDGE

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CRUDE OIL Falling wedge update

• Crude oil falling wedge was discussed few days back and it has given a breakout. But price will face stiff resistance near 94 levels and 50 Day SMA.