- 4 Hour with cloud shows price seeking support on it. Staying above the cloud should result in an upper breakout to new high's again.
- Price continue to remain in side the Holiday range. Range should resolve for bigger moves to follow.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 28, 2017
ES Cloud support and Holiday Range
December 25, 2017
APPLE Weekend update
- Daily chart shows the steady up move of Apple. Price pausing at the latest resistance zone around 176. Another up move is possible on crossing this zone. But the Weekly chart shows price close to the resistance line. Weakness near the resistance line may give quick gains for Apple bears.
- Weakness can be confirmed if price falls below the cloud on 4 hour chart. If this happens a Down swing is possible. Staying above 176 will continue to favour bulls.
December 21, 2017
December 20, 2017
GOLD Chart update
- Gold bulls continues to hold above hourly cloud.
- Gold Bulls need to close above 200 day SMA for bigger up moves to follow.
December 19, 2017
GOLD Trend update
- Up move in daily chart is running into resistance.
- Bulls must close above 200 Day SMA for bigger up moves to follow.
- Gold bulls will loose momentum If price falls below one hour cloud.
December 17, 2017
CRUDE Oil Weekend update
- Crude oil daily has a triangle shaped consolidation.
- Rising 50 Day SMA is crucial support line for Crude oil bulls.
- Weakness in Weekly can only be confirmed once price closes below 54.20 levels.
- GOLD Weekend update
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