ES Chart update

• ES Daily chart shows price testing a possible resistance line. 
• 30 Minutes chart shows price trending up above the cloud. Weakness in this time frame only if price starts to trade below the cloud.
• FORD Chart analysis

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FORD Chart analysis

• Price staying below 200 Day SMA will be negative for the stock.
• Weekly chart shows price breaking below the crucial rising support line from 8.81 levels. Next crucial support in chart is 14.3 level. Fib level shows 38.2% at 14.51.
• Up moves from here may find it hard to cross 200 Day SMA.
• SILVER Ascending triangle

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SILVER Ascending triangle

UPDATED CHART

• Ascending triangle discussed below has resolved in favor of silver bulls

• Silver one hour getting resisted at 200 Hour SMA.
• One hour also looks like an ascending triangle. Pattern needs a close above 200 Hour SMA for  a bigger up move to happen. Closing below the rising support line may lead to 19.30 and 19.10 levels.

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SBI Chart analysis

• SBI daily chart trying to form a base around the 50 Day SMA as shown in first chart. Crucial support here is 1712 level. Close below 1712 will be bearish. For bulls need a close above 20 Day SM to gain strength.
• Price yet to recover from the big bearish engulfing pattern in weekly chart. For this particular pattern need to break below 20 Week SMA for bigger falls to happen.

APPLE Analysis after closing bell

• Apple daily chart shows developing negative divergence. Some more upside is likely for apple before the divergence may start working.
• Weekly chart shows price nearing Golden ratio which may act as resistance level. Weakness in weekly chart only if price starts to trade back inside the cloud.

Blackberry Chart update

• Blackberry nearing crucial resistance levels like 100 Day SMA and 38.2% Fib level. Daily chart with Ichimoku cloud shows bulls testing the cloud. For a possible trend change price must sustain above the daily cloud.
• BLACKBERRY Falling wedge pattern
• CATERPILLAR Breaking resistance levels

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CATERPILLAR Breaking resistance levels

• Cat daily chart shows price breaking resistance levels. Next resistance at 90.69. 
• Weekly chart shows price violating the Weekly ichimoku cloud and 50% Fib level. Bulls need a weekly close above these levels to extend the current up move.
• BLACKBERRY Falling wedge pattern

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