Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 5, 2013
CRUDE Oil Chart update
CRUDE Oil near triangle resistance line
Weekly chart with fib levels for the fall from 110 to 77 shows price testing 78.6% Fib level.
So to continue this up move price must break above these two crucial resistance levels on closing basis.
ES Charts update
ES one hour chart shows price trying to stay above the range. Price trading back into the range will be negative.
4 Hour chart shows price testing multiple resistance lines.
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NIFTY Chart analysis
Nifty trying to reverse from 20 Day SMA Would need a weekly close above 20 Week SMA to sustain the up move into the next week.
Price should sustain above 5 Day High EMA to target next resistance level at 50 Day SMA.
ES Resistance levels
ES near multiple resistance levels The falling resistance line, 78.6% Fib level and 50 Day SMA. Weakness here means good correction to follow. Daily close above these levels may take price towards the recent high's again.
APPLE CHART UPDATE
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