- Dow Jones futures 4 hour chart with support and resistance line.
- The index has given a break out. Now the closing should be near the high point of the day for this bullishness to sustain.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 22, 2010
Dow Jones futures chart
The bearish gold
- The hour chart of gold suggest that the commodity is in a down trend.
- It is holding on to an important trend line break of which will lead to more fall in gold prices.
- Also see how the geometrical patterns show up in a stocks chart time and again.
Nifty weekly chart with stochastic
NIFTY WEEKLY CHART
- Nifty weekly chart with stochastic indicator.
- The indicator is in overbought zone and is yet to show any weakness.
- Index is also respecting the weekly trend line.
- A Break of the trend line coupled with a sell signal in stochastic should be a good place to go short.
Subscribe to:
Posts (Atom)