July 29, 2013
- Silver near 50 Day SMA and near channel support line So this price contraction may soon get resolved.
- Channel may get resolved soon for a bigger up move in silver.
- For bulls need a strong breakout above the daily cloud for a bigger up move to follow. Bears need to stay below the channel to extend the current trend.
- GOLD WEEKEND UPDATE
- ES Four hour chart shows price moving sideways.
- Price is able to hold above crucial support levels and 4 Hour cloud.
- Price in a range after an up move is mostly bullish. Strength on price sustaining above the cloud. Weakness on price trading below the 4 Hour cloud.
- S&P 500 WEEKEND UPDATE
- TESLA MOTORS WEEKEND UPDATE
- The death cross in bank nifty continues to perform well.for bears.
- Price has closed below 50% Fib level which may open downsides till the Golden ratio.
- There is a small positive divergence in chart which will be difficult to get right because of the strong down trend.
- Strength for the day on trading above 10600 levels and weakness on breaking below last week's candle low.
- NIFTY WEEKEND UPDATE
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