Watching SP 500 futures whether above close above 2613 ...next two days.. if not sell with target 2512 (38.2) retracement between recent high and long uptrend start level... if unable to hold 2512.. then sell target to close 2412.. triple top reverse almost confirmed on daily and weekly ..need to watch 2600 can be defended.. in coming days or weeks.
Gold seems to be forming sequence of bullish pattern.. First it flagged from bottom of 1160 then it showing cup and handle and resistance seems to be around 1246 ... and critical support for recent reverse heads and should is 1215.. which can be used stop loss.. and try to buy near 1224 .to 1226.. on break above 1246.. on daily closing can reach 1260 flag target ...
WTI Crude oil
Expected to find out support around 50 round number or worst case 45.45 61.8 retracement from up move 26.05 to 76.9 ...
RSI is also showing slight divergence. These are indicators watching for reversal
Fundamentally G20 meeting and OPEC may influence crude price to find out support
Possible head and shoulder pattern forming in Nifty. I wish that it increase to 10900 or 11150 where it will be ideal to short ..waiting for a trigger.. ...after that long term target is around 8200.. based on heads and shoulder pattern target.. The break down is confirmed on daily closing below 9920..