March 1, 2012

  • Copper daily chart getting resisted at the Golden ratio.
  • Four hour chart shows resistance between 3.9290 - 3.9790 levels.
  • For a larger up move price has to close above these levels in daily and weekly charts.
  • Four hour time frame continue to close above ichimoku cloud.
  • Sustaining above the falling trend line will give an up move towards 108.70.
  • Down Move possible below 50 Period SMA and 106.50 level.
GOLD DAILY CHART
GOLD FOUR HOUR CHART
  • A bearish weekly close may take gold towards 50 Week SMA.
  • Daily chart closing today below 200 SMA will confirm weakness.
  • If price sustains above 200 Period SMA in four hour chart an up move can be seen.
  • S&P 500 EOD UPDATE
ONE HOUR
FOUR HOUR
  • Silver one hour looks weak as price is sustaining below 200 SMA will help bears of silver to extend the fall.
  • Four hour chart is shown with possible support levels between 200 period SMA and between 32.50 - 32.90 levels.
  • SILVER DILY CHART ANALYSIS
  • Nifty 15 Minutes shows the down moves in smaller time frames.
  • Breaking below 5268 will strengthen bears.
  • Nifty is weak below 200 Hour SMA. Braking below the earlier support of 5268 will add to the bearishness. 
  • Bulls has to take support at these levels and close the hours above 200 Hour SMA for avoiding a larger breakdown.
  • USDINR BULL FLAG AND H&S PATTERN
  • GOLD CHART ANALYSIS
  • SILVER DILY CHART ANALYSIS
  • Nifty bulls battling with 20 SMA.
  • Week took support at 50 Week SMA which bears need to break for a possible down move to happen.
  • Month chart shows price closing below 5 Month High EMA. Bulls need to stay above month close level and Month high ema for an up move to happen.
  • S&P 500 EOD UPDATE
  • GOLD CHART ANALYSIS
  • SILVER DILY CHART ANALYSIS
  • SPX Week and daily charts are showing signs of weakness at historic resistance levels.
  • But as shown in daily and four hour charts bears need price to break below 20 SMA or the up trend line of last chart.
  • SILVER DILY CHART ANALYSIS

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore