- Apple daily chart is moving towards a resistance line.
- Price yet to hit the upper resistance line. Weakness from the resistance line and breaking the rising support line may take price towards 110 levels.
- But the Larger time frame is looking bullish for now. If month sustains above 121 then another visit to 133 levels are possible in the Medium term.
January 20, 2017
- Intraday bears need price to stay below 50 Period SMA. Bigger weakness only if price stays below 8373. Below 8373 price may target the GAP between 8293 and 8322
- For Bulls need a Weekly close above 20 Week SMA or Middle bollinger band. Today being the last trading day of the week Bulls need a close above 8416 which is the 20 Week SMA.
- CRUDE OIL Support and Resistance levels
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