ONE HOUR CHARTS
DAILY CHART
- Hourly charts shows immediate resistance levels at 100 Hour SMA and 23.6% Fib levels.
- Daily chart shows resistance at 50 Day SMA.
- APPLE RESISTANCE LEVELS
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- ES 4 Hour chart shows a possible resistance line.
- 30 Minutes char shows negative divergence. But price yet to show weakness.
- If price gets resisted at the resistance line of four hour chart then negative divergence may play out well.
- Bank of America getting resisted at 50% Fib level and 20 Day SMA.
- Price has also failed to close above 50 Day SMA.
- BAC continue to trade in a range. Price getting resisted at the middle of the range.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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DAILY CHART
WEEKLY CHARTS
- Daily chart of silver shows price above a possible support line. Silver bulls need a daily close above 20 Day SMA for a bigger pullback to happen.
- Weekly charts are not looking good for bulls Price has violated the long term trend line as shown in second chart. Price trading or closing below 27.89 could lead to 26.02 levels.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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- Nifty bounce has resistance near 20 and 100 Day SMA. 20 Week SMA is also near this level. So bulls need a weekly close above 20 Week SMA for a bigger up move to happen.
- TATA MOTORS CHART UPDATE
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- TATA MOTORS Trying to breakout from a contracting triangle has stiff resistance in 50 Day SMA and Golden ratio. Crossing these resistance levels may result in a bigger up move.
- Getting resisted near golden ratio may keep price in a range between 23.6% and Golden ratio.
- CRUDE OIL CHART UPDATE
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WEEKLY
DAILY
- Weekly candle has violated the range. Daily chart also shows the same Now bears must hope that price come back into the range and close the week in their favor.
- Last chart the daily time frame shows price trying to get back into the bullish part of the channel. Price sustaining here is bad news for bears.
- CRUDE OIL CHART UPDATE
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- One hour chart shown with the small GAP and 50 Hour SMA Which may act as resistance for Apple.
- 2nd chart shows the neckline of head and shoulders which may act as immediate resistance level.
- Trading above these resistance levels may give 445 levels.
- Unable to trade above the neck line may lead to recent lows again.
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