- SPX Hour chart with support and resistance levels.
- 1308 may act as support in case of a correction.
- 1322 - 1323 level is acting as resistance.
- The rising trend line in hour chart is also giving good support for bulls as of now.
- EURUSD DAILY CHART ANALYSIS
- Price is approaching the apex of a consolidation pattern in daily chart.
- One can expect good movement out of this pattern.
- Price is trading above 50 day moving average which will favor the bulls of eurusd.
- Important levels in daily chart is 1.3507 and 1.3860
RISING WEDGE OF EBAY
- EBAY has hit a resistance line of its rising wedge in weekly chart.
- If price starts to comedown from here it may come down till the support line of the rising wedge shown in first chart.
- Daily chart looks strong with price trading above 20 and 50 day moving averages.
- 20 dma has given a bullish cross above 50 dma.
- Price sustaining above 31.64 will favor bulls of EBAY.
- If price falls below 31.64 the rising wedge in weekly chart will play out.
- SPY TECHNICAL ANALYSIS
- ES 30 minutes chart with support and resistance levels.
- 1319.75 is the resistance level
- 1313.25 may act as support in case of a correction.
- Larger movements may unfold if this range gets resolved.
- QQQQ SUPPORT LEVELS
DAILY CHART
- Crude oil daily chart is testing its trend line in daily chart.
- Price in hour chart is trading well below its 50 hour moving average.
- If price sustains below the trend line crude may target 84 levels in the coming weeks.
- Price moving above 50 hour moving average may change the balance in favour of the bulls.
- SPY TECHNICAL ANALYSIS
CHART-II
- Bulls getting some help from the support line.
- Intraday Bulls will feel safer if price remains above the red dotted line shown in the above chart.
CHART-I
- Trying to save the intraday bull.
- If that support line breaks the above chart will look meaningless
- Correction will continue.
- Getting above the dotted line can give a rally towards the resistance line.
- State bank of india is showing a triangle pattern in daily chart.
- Breakout of triangle should take out the support and resistance levels mentioned in the 2nd chart to give bigger profits.
- First chart is the weekly chart of nifty with oversold stochastic levels.
- Weekly stochastic may give a bullish cross that can result in a bounce for nifty.
- Daily chart shows crucial support and resistance lines for nifty.
- SILVER CHART ANALYSIS: CLICK HERE
- QQQQ Hour chart with the breakout area.
- Hour chart gave a breakout above 57.27 level recently.
- Today Price has pulled away from that level. Now if there is a correction 57.27 level may act as support. Break of this level will attract selling and a good correction may happen.
