My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 16, 2013
ES Trend update
- ES continues to trade above the cloud in one hour time frame. Up trend of this time frame will be safe on sustaining above the cloud.
- Weakness on price trading below 50 Hour SMA.
- SILVER TREND UPDATE
SILVER Trend update
- Silver major trend continues to stay down as price trades below 50 Day SMA.
- But four hour charts are trying to form bullish patterns. 4 Hour chart shows a bullish ascending triangle pattern. Price is trading above 4 Hour cloud.
- Any breakouts if happen should takeout the 50 Day SMA for a bigger reversal to happen.
RELIANCE Capital Chart analysis
- Reliance capital shows multiple resistance levels. Daily chart shows a bullish pattern but need to break and close above the resistance line to continue the up move.
- Price is also near the upper bollinger band and Ichimoku cloud in weekly Time frame.
- So Bulls of reliance capital need a close above 392 - 398 zone to extend the up move. Weakness on price falling below 373 levels.
FACEBOOK Resistance levels
- Facebook Daily chart near falling resistance line.
- Fib levels in daily chart shows price near Golden ratio.
- Last attempt to stay above the cloud resulted in a sell off. This time for a breakout above the resistance levels price has to sustain above the daily cloud. Weakness on price falling back into the cloud.
- ES CHART ANALYSIS
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