July 15, 2013

  • EURUSD Bulls need price to sustain above the  4 Hour cloud.
  • One hour chart shows  a contraction pattern above 100 Hour SMA.
  • Crucial resistance at golden ratio shown in four hour chart. Support at 38.2% Fib level.
  • GOLD SUPPORT AND RESISTANCE LEVELS
  • ES CHART ANALYSIS
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  • Gold four hour chart shows crucial support at 1267.
  • One hour chart shows price moving up from 100 Hour SMA.
  • Resistance in four hour chart is seen at 1294 - 1298 zone.
  • GLD WEEKEND UPDATE
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  • Hourly up trend looks safe for now as it trades above 50 Hour SMA and the Hourly cloud. Weakness only on price trading below the hourly cloud.
  • ES Daily is testing a crucial resistance level. This area needs to be cleared soon to avoid a correction at this level.
  • DEATH CROSS OF ORACLE
  • GLD WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
  • BOEING BEARISH VOLUME SPIKE
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  • BN Bulls need a daily close above 11752 for moving higher.
  • Weakness on price trading below 5 Day High EMA.
  • Weekly chart shows a bullish engulfing pattern which needs weekly candle to breakout above 50 Week SMA and the cloud.




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My Favourite Quote

"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