ES Trend update

• ES up trend of one hour chart continues to be strong.
• Price continues to sustain above 100 Hour SMA and Hourly Ichimoku cloud.
• 4 Hour chart is shown with bollinger band. Bears need a close below middle bollinger band for a bigger fall to happen

CRUDE Oil Channel and Range

 

• Crude oil testing the channel support line
• 4 Hour chart shows price testing the Cloud which has acted as strong support for sometime now.
• 4 Hour chart also shows a trading range between 94 and 96. If the above mentioned support levels are held we may see an upper breakout from this range.
• SILVER TREND UPDATE

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SILVER Trend update

• Hour chart shows price trending down below the Ichimoku cloud.
• Bearish cross of 20 and 50 Hour SMA continue to work in hourly chart.
• 4 Hour chart shows possible support at 50% Fib level. If holds an up move is possible. Breaking below 50% Fib level may lead to Golden ratio near 29.80 levels.

EURUSD Chart analysis

• EURUSD is testing 50% Fib level in weekly chart.
• Price is above the weekly cloud which will favor bullish moves in EURUSD.
• Sustaining above 100 Week SMA may lead to more up moves in EURUSD Possibly towards the Golden ratio shown in first chart.

Yahoo Negative Divergence

 

• Yahoo daily chart shows negative divergence. Price making Higher High While the indicator making Lower High.
• Up trend will be safe as long as price stays above 50 Day SMA.
• Strong support is seen in the weekly chart between 18.84 and 19.12.
• Negative Divergence may work well if price starts to trade below 50 day SMA.
• MICROSOFT WEEKEND UPDATE

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NIFTY Support and Resistance levels

• Weakness last week was seen at the Upper bollinger band. This may continue to act as a correction zone during up moves.
• Immediate support levels in daily chart are the up trend line and 20 SMA shown in chart 2 and 3.
• Crucial support levels shown in weekly chart are 78.6% Fib level and 5944 marked on the left side.
• NIFTY 50 STOCKS FREE LIVE CHARTS

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BANK Of America Weekend update

• Daily chart of BAC shows a trading range between 11.02 - 12.2. This range must resolve for the next big move to happen.
• Closing above 20 SMA may take price towards the upper end of the trading range.
• Weekly chart shows this range happening below the 50% Fib Fan line. Price trading above this line may help bulls to extend the up move out of this trading range.
• MICROSOFT WEEKEND UPDATE

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