- Crude oil daily chart shows support between 77 - 81 level.
- Price sustaining above above 20 Day SMA will favor bulls of crude oil.
- 50 Day SMA and Daily cloud are crucial resistance levels.
- S&P 500 WEEKEND UPDATE
July 9, 2012
- Nifty sustaining above Week High EMA and 20 Week SMA should favor bulls.
- Price is also closing above 5 Day High EMA. Weakness only if price starts to close below 5 Day High EMA.
- Weekly cloud too may act as support for bulls. Price falling into the cloud will be negative.
- Daily charts are showing negative divergence But MACD lines are yet to give a sell signal.
- USDINR CHART UPDATE