- Gold one hour chart shows price trading in a range.
- 4 Hour chart shows the range within a larger channel
- One hour chart is near 200 Hour SMA, Price closing below this level may take price towards channel support line. A bigger breakdown on price breaking below the channel. Taking support here means price moving towards channel top again.
- TESLA MOTORS TREND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 17, 2013
GOLD Chart analysis
APPLE Chart analysis
- Apple daily near 50 Day SMA and Testing golden ratio.
- Weekly chart is testing 20 Week SMA.
- Apple bulls need a close above 20 Week SMA to extend the current up move.
- TESLA MOTORS TREND UPDATE
TESLA Motors Trend update
- Daily chart of Tesla Motors shows a rising support line and 50 Day SMA.
- Weekly chart shows price attempting to form a bearish engulfing pattern.
- Weekly chart also shows a previous range between 94 - 104 which may stop a bigger fall from happening
- S&P 500 ANALYSIS AFTER CLOSING BELL
FORD bearish price action
- If the correction in daily chart continues price may target 16.09 which was the previous resistance level and 20 Day SMA.
- Closing the week at the current levels or lower will form a Bearish Engulfing pattern in weekly chart which is a strong reversal signal.
- S&P 500 ANALYSIS AFTER CLOSING BELL
CRUDE Oil chart analysis
- Crude oil hourly chart testing crucial support levels. 100 Hour SMA and rising support line.
- For a bigger fall price must break below the 23.6% Fib level shown in last chart.
- S&P 500 ANALYSIS AFTER CLOSING BELL
S&P 500 Analysis after closing bell
- Bearish candle after 8 days of bullish candles.
- Line chart shows price turning down But the crucial support band of 1670 - 1672 is yet to break. Weakness only on price breaking below this level as shown in 15 Minutes chart.
- If price takes support at this level an up move towards the resistance line shown in second chart may happen.
- COCA COLA CHART ANALYSIS
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