- ES 4 Hour breaking away from the ascending triangle contraction.
- Pattern breakout suggests a possible move of about 30 points from the resistance zone. Price is almost reaching the target levels. Now weakness in this time frame only if price falls back below 2807 levels.
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- 4 Hour chart shows price finding support at the cloud.
- Price may move towards 65 levels again as shown in last chart.
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- Silver weekly chart shows price contraction in a triangle pattern. Price likely to remain in this pattern for some more weeks. If price gets resisted at the falling resistance line then the sideways move may continue for some months before silver can start to trend again.
- Last chart shows crucial numbers in weekly chart.
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- Crude oil is developing a broadening wedge in 4 hour time frame.
- Second chart shows price right at the apex, a Breakout or breakdown is imminent from the contraction
- Breakdown if happens must stay below 50 SMA for bigger falls to follow. Staying above this moving average the up move likely to continue.
- Crude oil 4 hour chart resting on crucial moving average.
- second chart shows price at rising trend line.
- More weakness on closing below the moving average. Crude bulls must stay above the trend line and moving average to avoid a bigger down swing.
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- ES One hour chart shows another bounce from cloud base.
- One hour right now is at a crucial zone. Price may either reverse from here or it can test the high's again.
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- NIFTY Daily and Week is testing the resistance line. Bears need the bearish engulfing in daily chart to take effect. Weekly chart is more crucial. A bearish bearish weekly candle here will strengthen bears.
- Bulls need to save the weekly candle to stop a down swing from happening.
- 10680 and 10660 are possible supports in Nifty. If these levels are broken on daily closing basis then bigger down swing may follow.
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