Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 12, 2013
ES Chart update
ES Fib levels shows weakness at 78.6% Fib level.
Daily chart is approaching crucial resistance zone.
Weakness in hour chart only on closing below the Hourly cloud.
SILVER Chart update
GOLD Bearish price action
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GOLD Bearish price action
Gold violates crucial rising support line in daily chart. 50 and 100 SMA too has been violated. Gold bears need a daily close below these moving averages to fall further. Closing below 38.2% Fib level will further weaken the bulls of Gold.
SILVER Chart update
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SILVER breaking support levels
4 Hour chart of silver has violated crucial support levels. Price is trending down below the Ichimoku cloud.
Hope for silver bulls is in the 50 Day SMA. A daily close below 50 SMA will further strengthen silver bears.
APPLE Support levels
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Bank Nifty testing resistance levels
Daily chart violating falling resistance line.
Price also trying to stay above 50 Day SMA and 38.2% Fib level.
Last chart shows price nearing the daily Ichimoku cloud which may act as a resistance zone for bulls of BN.
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