March 22, 2018

NIFTY 50 Week SMA and 4 Hour Trend

  • As long as price holds above 50 Week SMA there is hope for bulls for a bounce. Only a weekly close below this line will further strengthen bears.
  • 4 Hour chart with crucial moving averages shows the strength of the move. Falling moving averages shows bears in control But bulls can change this with a high velocity bounce. If the bounce lack momentum then bulls will face resistance at those moving averages.

March 20, 2018

CRUDE Oil moves out of triangle

  • Crude oil moves out of triangle contraction. Daily close outside this pattern and 50 SMA line should extend this up move towards 64 and 66 levels.
  • Weakness will resume if the day falls back and close below 50 Day SMA.

ES Hourly cloud and 100 day SMA

  • Daily shows price pausing ear 100 Day SMA. Bigger falls will resume only if price falls below 100 Day SMA.
  • One hour chart shows price below the cloud. Bearish swing in hour will remain safe till price stay below the cloud.