My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 2, 2013
SILVER Chart analysis
- Silver one hour chart shows price having broken below the range is getting resisted at the bottom of the range. For silver bulls price must get back into the range for a possible up move to happen.
- daily chart shows price moving around 100 Day SMA. Price should move away from 100 SMA on closing basis for a bigger move to happen. Weakness on closing the day below 20.54 and Strength above 22.06 levels.
- GOLD Breakdown and Support levels
APPLE Chart analysis
- Apple Daily chart moving up from 50 Day SMA.
- Daily chart shows a Golden cross. Price must sustain above 50 and 200 Day SMA for the bullish cross to perform well.
- Daily cloud is acting as good support. Immediate resistance at 496.91. Price sustaining above the cloud may lead to a breakout above the resistance levels. Weakness on price closing below 50 Day SMA.
- GOLD Breakdown and Support levels
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