November 21, 2011

APPLE Near 200 SMA

  • Apple daily chart is approaching its 200 SMA.
  • Last hit at 200 SMA gave a good long trade.
  • Closing below 200 SMA will strengthen bears. 
  • RISING WEDGE OF US DOLLAR

US Dollar Rising Wedge pattern

  • US Dollar four hour is moving up in a bearish pattern.
  • Bearish breakdown percentage from rising wedge is 69%. So an upper breakout cannot be ruled out.
  • BEARISH CANDLESTICK OF CRUDE OIL

ES Chart Analysis

  • ES hour chart may give a small bounce because of positive divergence. But Daily time frame shows price below 50 SMA which will favor bears. For bulls long opportunity only if they manage to close above 50 Day SMA.
  • BEARISH CANDLESTICK OF CRUDE OIL

NIFTY Analysis

  • Price falling below Friday's low may push it towards 4720 level.
  • If an up move happens Day Low EMA and 50 Day SMA may act as resistance levels. Strength for bulls only if they manage to close above 50 Day SMA.

November 20, 2011

Bearish Candle of CRUDE OIL

  • Crude Oil Weekly chart shows a bearish candlestick at the broken channel's support line which is expected to act as stiff resistance. 
  • Trend line shown in 4 Hour chart has broken. Staying below 97 and 94 will be bearish for crude oil in the short term.

November 18, 2011

CRUDE OIL Support line

  • For crude oil corrections will be shallow as long as this trend line holds.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

NIFTY Analysis


  • Price having broken 61.8% may come down towards 78.6% or the GAP shown in the same chart.
  • Stochastic is oversold, In a trending market trades taken based on oversold indicators mostly hits the stop loss. So its better to wait for that daily green candle which may hint of a pause in falling.
  • Last 3 months price has tested sub 4800 levels when ever it falls below 5 month low ema. So price may keep falling once it sustains below 5 month low ema.
  • S&P 500 EOD ANALYSIS
  • SILVER CHART ANALYSIS