- Price near previous support level, 50 Day SMA and Lower Bollinger band.
- Close below 50 Day SMA and 538 levels may give an extended fall. Bullish candle at 50 Day SMA may reverse the fall.
- BANK Of America Trend update
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 3, 2014
APPLE Support levels
CRUDE Oil Weekly bearish Candle
- Crude oil 4 hour chart shows price pausing at the crucial Golden ratio. Crude oil bulls must protect this level to avoid further damage.
- Daily chart looks more bearish as price stays below 50 Day SMA.
- Weekly candle shows a big bearish candle which eclipsed the recent up move. Closing at the lows may lead to the crucial 200 Week SMA again in the coming week.
- BANK Of America Trend update
Bank of America Chart update
- Up trend of the stock continues to be strong. For weakness in chart price should close below 15.03 levels which is unlikely to happen in the near term.
- Sustaining above 15.98 price is likely to test 17 levels and Higher in the near term.
- EURUSD Bearish Price ACtion
ES Chart Analysis
- ES 4 Hour chart shows the Right angled broadening pattern. Price is falling back to wards the resistance level of this pattern which may act as support.
- For now price is testing 23.6% Fib level and 50 Period SMA. Sustaining below these levels will extend the fall towards the resistance zone of the pattern which may act as support.
- EURUSD Bearish Price ACtion
January 2, 2014
CRUDE Oil testing crucial support levels
- Crude oil daily chart shows price testing crucial support zone between 95.36 - 96.26
- Daily chart shows price testing 50 Day SMA. Breaking this line on closing basis will do more damage for Crude oil bulls.
- Last chart shows price testing 50% Fib level and near Golden ratio.
- EURUSD Bearish Price ACtion
DLF Ascending Triangle and Resistance levels
- DLF Weekly chart shows a big Ascending triangle formation. But the resistance levels of the Ascending triangle between 173 - 175 has acted as strong support in the past as shown in chart 2. So bulls need a strong breakout and and weekly close above 175 levels to confirm breakout.
- For now though a Down Swing is happening in daily chart which may last till the up trend line. If the rising support line is held another test of 173 - 175 levels is likely to happen
- BHARTI AIRTEL Chart Analysis
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