September 11, 2012

 
  • Silver up trend safe above the up trend lines and Cloud of 4 hour chart
  • Sideways consolidations continue to give upper breakouts.
  • Right now Silver is in a range as shown in one hour time frame which is likely to give an upper breakout to continue the up move.
  • CRUDE OIL CHART ANALYSIS


 
  • Crude oil daily chart in a crucial range around the 200 Day SMA. Breakout or breakdown will take Crude oil away from 200 SMA and may give a trending move.
  • For bears of crude oil must trade below 50 Day SMA for a bigger fall to happen.


  • ES Daily chart getting support at the breakout level.
  • 1 Hour chart shown with fibonacci level. Bears need to break 38.2% For a sell trade.
  • For bulls sustaining above 50 Hour SMA should give a long trade.
  • APPLE HOUR CHART ANALYSIS


 
  • Crucial support for SBI at 1802. Closing below this level could take SBI towards 1761 and 1705 levels.
  • Resistance levels are 1914 and 1936. Sustaining above these levels could take SBI above 2000 again.
  • Oversold stochastic will favor bulls only if SBI trades above 5 Week High EMA(1936).

  • APPLE Hour testing the cloud and 100 Hour SMA.
  • Next support in hour chart near 655 - 657 levels.
  • Sustaining below 100 Hour SMA may lead to 655 levels.



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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