- Apple month chart shows price closing above 20 Month SMA. Weekly chart shows price closing above the cloud and 50% Retrace level. If a correction happens in daily chart next week the above mentioned levels may now act as support.
- Next resistance level or target area is the Golden ratio seen in weekly chart at 583 level. Daily chart shows a possible resistance line which may result in a pullback before price move up again.
- SILVER Trend update
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 30, 2013
APPLE Weekend update
November 29, 2013
SILVER Trend update
- Silver 4 hour chart shows strong resistance at the cloud. Trend will favor bears as long as price stays below the cloud of this time frame.
- Price is trying to stay above 50 Period SMA. Price has to close and sustain above 20.31 levels for a possible up move to follow.
- GOLD Trend update
November 28, 2013
FACEBOOK Chart update
- Facebook daily chart shows price taking support near 100 day SMA. No bullish turnaround yet. A pause in falling on price trading above the falling resistance line, Strength only on trading back above 50 Day SMA.
- Weekly chart is also trying to do a bullish reversal candle at 20 Week SMA. Candle closing at the current levels or higher would confirm a bullish weekly candle.
- APPLE Chart analysis
ES Chart update
- ES having taken support at previous resistance level is testing the recent high.
- 100 Hour SMA and hourly cloud are crucial support for now. Bears need to close below these two levels for a possible fall to happen.
- APPLE Chart analysis
ES Chart update
- ES one hour chart shows price near 100 Hour SMA. For bears of ES need a close below this line and 23.6% Fib level for a possible correction to happen.
- Sustaining above this level may lead to newer high's.
- GOLD Chart update
November 27, 2013
November 26, 2013
FACEBOOK Chart update
- Facebook daily chart shows price violating crucial support zone. Price has also closed below the daily cloud.
- Facebook bears need to close below 100 Day SMA and 20 Week SMA on closing basis to extend gains further.
- APPLE Chart update
BANK Nifty chart analysis
- Bank nifty daily chart moving up from 50 DaY sma.
- Immediate resistance at 11207. Sustaining above it could give the golden ratio and 50 week SMA again as shown in chart 3.
- CRUDE Oil chart analysis
November 25, 2013
APPLE Chart update
- Apple daily chart trading in a range. Second chart shows the range is a consolidation after an up move which is likely to result in an upper breakout. But monthly chart shows the consolidation happening at 20 Month SMA. So apple bulls need a monthly close above 20 Month SMA for extending this up move.
- GROUPON Support levels
- CRUDE Oil chart analysis
GROUPON Support levels
- All three charts shows Groupon near crucial support levels. Immediate support at 8.98 level, If this level is taken out price is likely to take support at the weekly rising support line or 200 Day SMA.
- CRUDE Oil chart analysis
- FACEBOOK Weekend update
- EURUSD Weekend update
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