July 19, 2013


  • Silver daily chart continues to break lower.
  • Crucial resistance at Daily Ichimokcu cloud.
  • 4 Hour is showing a contraction pattern. Price closing below the support line of the pattern may extend the down trend in silver. 




  • Crude oil 4 Hour chart with 50 period SMA as rising support level.
  • Weakness on falling below 107.43 level.
  • Weekly chart of google trying for a bearish engulfing pattern.
  • Daily chart shows trend line break and price breaking below 50 Day SMA.
  • Bears of Google need a close below 50 Day SMA for extending the fall.
  • GOOGLE CHART ANALYSIS
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  • HDFC daily chart shows price contraction in a triangle pattern.
  • Price is testing its 200 Day SMA
  • For the day Weakness on trading below 815 and 800 levels. Strength on trading above 838 which is the 5 Day High EMA.



  • ES one hour chart shows price testing the range breakout.
  • One hour has to sustain above the support lines to avoid a bigger fall.
  • Daily chart too are unable to stay above previous resistance levels.Bulls need to close above this level to sustain the up move.

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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