My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 23, 2012
CRUDE OIL Resistance levels
CHART-II
- Price fell from the resistance level took support at the middle of the range. Price testing the resistance level again. This time bulls seems to have the momentum for a breakout
CHART-I
- Crude oil in a range between 104.64 to 106.47
- Price is unable to stay above the resistance level. 106.47 - 106.79 level is acting as resistance.
Netflix Chart analysis
- Netflix moving down towards middle bollinger band
- Stock will be weak below 20 day moving average.
- Breaking below 104.6 will extend correction.
- SILVER BREAKOUT
SILVER Trying to break higher
- Price violated the range on upside and 200 SMA.
- Daily close above 200 SMA will give further momentum for silver and may target 37 levels.
- Unable to close above 200 SMA or above the range resistance line will lead to a fall in silver towards the bottom of the range.
- SPY SUPPORT AND RESISTANCE LINES
S&P 500 Futures Trend update
- ES bears need price to fall below 200 Hour SMA for extending this correction.
- Hour cloud is acting as resistance, Primary trend will be resumed only on breaking above the cloud. Breaking below the recent low will give an easy short trade for bears.
- SPY SUPPORT AND RESISTANCE LINES
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