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SPY Resistance line and GAP

  • SPY Daily chart is shown with the broken support line which may act as resistance.
  • Hour chart shows the GAP getting filled in a possible bearish flag kind of pattern.
  • Having said that if price starts to trade above the GAP and the broken support line Bulls will gain strength.
  • CRUDE OIL WEEKLY FIBONACCI LEVELS
Posted by San at 9:49 PM 0 comments

CRUDE OIL Weekly Fibonacci levels

  • Crude oil is correcting the rise from 67.14 to 114.82 levels.
  • Price correction has reached 78.6% which is near 77.30 levels.
  • If this level holds we may see an up move in Crude oil. Breaking this level on closing basis will favor bears crude oil.
Posted by San at 8:27 PM 0 comments
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ES Hour chart analysis

  • ES is moving up in a channel like formation.
  • Right now its in a correction. If the support line is protected price will continue to move up.
  • 50 Hour moving average may also act as support level.
  • Price falling below 1115 level will favor bears.
  • SILVER BOUNCED FROM 100 WEEK SMA
Posted by San at 7:23 PM 0 comments
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SILVER Bounced from 100 Week SMA

  • SILVER fell below 50% Fibonacci retrace level and took support above the golden ratio(61.8%)
  • Now price is back to 50% Fibonacci level price should sustain above this level for the up move to continue.
  • 100 Week SMA stopped today's slide.
  • 32.30 will act as resistance level if the up move continues.
  • GOLD RESISTANCE LEVELS
Posted by San at 2:43 PM 0 comments
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NIFTY Futures intraday update

CHART-II
  • Getting resisted @ golden ratio.
CHART-I
  • NF Bulls has to clear 4818 - 4824 level. If price sustains above this level we may see this up move extending.
  • Getting resisted here will favor bears of NF.
Posted by San at 12:56 PM 0 comments

NIFTY Analysis

  • Nifty Bollinger bands and Weekly chart shows support levels.
  • MACD in daily chart looks like it is getting ready for a sell signal But one should be careful as it may also result in a fast rise.
  • S&P 500 WEEKEND UPDATE
  • GOLD RESISTANCE LEVELS
  • BANK NIFTY WEEKEND UPDATE
Posted by San at 8:18 AM 0 comments
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GOLD Resistance

  • Gold bulls has to sustain above 100 day moving average for an up move to happen
  • Price sustaining inside the channel will not help bulls of gold in the short term. For the short term bulls price has to stay above the channel.
  • A better price action for a long term investor of gold would  be price correction towards the channel support line and a steady up move staying within the channel.
  • S&P 500 WEEKEND UPDATE
Posted by San at 6:35 AM 1 comments
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