April 30, 2011

GOOGLE Moving up from weekly trend line

  • Google has started to move up from weekly trend line. Price formed a Doji in weekly chart on the trend line and is moving towards 561 level.
  • Gap in daily chart will start to fade during next week. MACD may confirm the up move by giving a positive crossover.
  • SPY TARGET FOR THE CURRENT UP MOVE

Nifty Weekend update

CLICK THE BELOW CHARTS TO ENLARGE
  • From the above charts one conclusion. Watch out for 5690 - 5750. Try to be long above this level. Break and close below this will give shorting opportunity.

CRUDE OIL - Testing resistance

  • CRUDE OIL Four hour chart with resistance levels.
  • Price is testing 113.45. If price sustains above this level we may see Crude touching 116 level in the short term.